Amount of Home Equity Available for Refinances in Georgia, Around Country, Reaches Record Levels

The amount of home equity available to homeowners to borrow against reached record levels in the second quarter of 2018, despite slowing levels of appreciation in home prices in Georgia and around the country. Borrowers may use any equity up to 80% of the value of a home to borrow against using cash out refinance loans or home equity lines of credit (HELOCS). Home equity growth has slowed in recent months, however, as home prices have begun to appreciate more slowly in many US markets.

Interested in a cash out refinance in the Atlanta area or anywhere else in the state of Georgia? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.