If you bought in Boerne or Fair Oaks Ranch a few years ago, the low mortgage rate you locked in might make moving feel off the table. But your equity could put it back on.
Homeowners with a mortgage have an average of $310K in equity right now, according to national data. In the Hill Country, where home values have climbed, your number could be even higher. That equity could go toward a bigger down payment, so you borrow less at today's rates. Or you may be able to buy your next place in cash, with no mortgage at all.
So don't write off a move just yet. Let's find out how much equity you have in your Boerne or Fair Oaks Ranch home and what it could do for you.
