October 15th, 2018

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According to Zillow’s recent Housing Aspirations Report, the majority of homeowners (76%) would prefer to spend money on upgrading their current home instead of buying a new home. This is especially the case with people aged 55 and older (87%).

When talking with your borrowers who are interested in selling to buy, talk to them about the options of using their equity to renovate their current home to meet their housing goals.