Georgia Home Equity Reaches Record High

The share of home equity available for homeowners in Georgia and across the US to borrow against reached an all time high in the 2nd quarter of 2019. This equity, known as tappable equity, is defined as the maximum equity available for homeowners to borrow against while still remaining at or below a loan to value , or LTV, or 80%. US homeowners had over $6 trillion in tappable equity in the 2nd quarter, which was up over $300 billion from the previous quarter.

Home mortgage interest rates are still low, and it's a great time to refinance a home mortgage loan in the Atlanta area. 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.