P.E.A.R., Not the Fruit but What Does it Stand For? Posted on May 2, 2016 by socialmedia by Americans are watching the real estate world slowly climb back up from our 2008 recession. Mortgage rates are at historical lows and people are realizing that not only can they afford a new house, they can upsize, downsize or even buy a vacation home! These trends had fallen off on the wayside as people were not able to afford to even think of moving. However this trend has served a purpose. Now families that have stayed in homes for years beyond what they originally thought have equity built up that they can now use to buy their next homes. Equity is the market value of a homeowner’s unencumbered interest in their real estate property. Or in real terms, it is how much your home is worth after you subtract what debt you owe on it. For example, if your home costs $150,000 and you owe $50,000, your home is worth $100,000 equity. The best part is that you can use that $100,000 on your next home! So how much equity do you have on your home? That is where P.E.A.R. (Professional Equity Analysis Review) comes into play. Ask your Shorewest, REALTOR® for a: They will be able to tell you how much equity you have built up over the years and how much more house you can own because of it! Another great trend going on right now are historically low mortgage rates. 20% down payment is maybe a thing of the past when now you may be able to go as low as 3%! Our Wisconsin Mortgage Corporation loan officers are on hand for any questions you have. They are here to guide you through the mortgage process with ease and comfortability. You may not have realized it, but it is time for a P.E.A.R.! Contact your Shorewest, REALTOR® today for your Professional Equity Analysis Review and find out how much equity you have in today’s market. Tags: Equity, Homeowner, mortgage rates, PEAR, Professional Equity Analysis Review, shorewest, shorewest family, Shorewest Realtors, Wisconsin Mortgage Corporation Categories: First Time Home Buyers, Home Buying, How to, Monday Motivation, Mortgage Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Home Property Search Map Search About Us Our Reviews Videos Contact Us Reset Password Enter the email address for your account and we will email you instructions on how to reset your password Email* Reset My Password × Sign In Email* Password* Sign In Reset Password New to myShorewest? Create an Account First Name* Last Name* Email* Passwords must be at least 8 characters Password* Repeat Password* Create Account × Forgot Your Password? Enter the email address for your account and we will email your password to you. 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Amount of the fees (if any) is dependent on your wireless service plan. × Property Notes History Notes for: 2370 N. 100th St., Wauwatosa, WI 53226 MLS #: 23156413 ADD A NEW NOTE Add Note × Property Notes History × Edit Your Property Price Tracker Tracker for W179051 N907151 County Road 187, Chippewa Falls, WI 53224 Set a Price Tracker for this property by entering your target price below. You can esily view your price trackers from your Price Tracker page. Save Price Tracker Price Tracker History Remove tracker Price Tracker for: $10,200,000 Price Tracker for: 12/21/2015 Days On Market: 62 Days Original List Price: $13,000,000 Current Property Price: $12,200,000 Remove tracker ×