Turn Your Equity Into a Head Start for Your Kids

If you’ve owned your home for a while, chances are you've built up more equity than you realize just by living in it! That equity could do more than sit on paper... it could become a powerful tool to help your children achieve something life-changing: homeownership! Turn your equity into a head start for your kids!

In today’s market, many first-time buyers, no matter how financially responsible, are finding it hard to break into the housing market. Even with a steady income and solid savings habits, rising home prices and interest rates can make it feel just out of reach. That’s where your equity can step in.

The average U.S. homeowner with a mortgage currently has $311,000 in home equity, according to Cotality (formerly CoreLogic). That’s an incredible amount of built-in wealth. And more and more parents are using part of it to help their children with a down payment or closing costs.

Bank of America recently shared that 49% of buyers ages 18–26 received some form of financial assistance from their parents. While we can’t say for sure how many tapped into equity specifically, the reality is clear: many parents are using the value of their homes to help the next generation buy their own.

Of course, everyone's situation is unique, and it’s important to work closely with a lender or trusted financial advisor. But using a portion of your equity to help your child secure their first home could be one of the most meaningful gifts you ever give.

This goes beyond money - it’s about legacy, security, and being able to watch your child say the words: “We got the house.”

And here’s a stat that speaks volumes. As Compare the Market notes:

“Of those who did receive monetary aid from parents and grandparents to buy a house, 45% of Americans said they would not have been able to purchase a house without financial support from parents and grandparents.”

The Bottom Line

If your equity could help open the door for your child to become a homeowner, would you want to learn more?

Let’s explore your options together. Call me, Teresa Hill, for trusted, experienced guidance on how to make it happen. I’d love to help you and your family take that next step!

*Information sourced from Cotality, Bank of America, & Keeping Current Matters