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At Evergreen Home Loans™, we believe homeownership should create freedom, not stress. For many long-time homeowners, that’s exactly what’s happening. Across the country, more people are living mortgage-free than ever before, and it’s opening the door to a new chapter of financial flexibility and opportunity.
A Growing Number of Americans Own Their Homes Outright
Recent analysis from ResiClub using U.S. Census data found that over 40% of owner-occupied homes are now owned free and clear—the highest share ever recorded. That means four in ten homeowners are enjoying life without a monthly mortgage payment.
One big reason? Time and perseverance. Many Baby Boomers have been in their homes long enough to pay off their mortgages entirely, and that hard-earned equity is now becoming a powerful tool for the next stage of life.
How Equity Is Empowering Downsizers
If you’ve built substantial equity, or paid off your home completely, you may have the ability to purchase your next home in cash. That means no new mortgage, no monthly payments, and less stress in retirement.
By selling your current home and using the proceeds to buy your next one outright, you can:
- Simplify your finances and reduce monthly expenses
- Increase your cash flow by choosing a smaller or less expensive property
- Enjoy a smoother, faster closing process
This approach is gaining traction nationwide. According to research from John Burns Research and Consulting and Keeping Current Matters, the number of all-cash home purchases continues to rise, especially among Boomers looking for simplicity and stability.
Freedom, Flexibility, and a Fresh Start
For many, downsizing isn’t about giving something up, it’s about gaining peace of mind. Moving to a more manageable home can free up time, money, and energy for what matters most: travel, family, hobbies, or simply enjoying your retirement years without financial worry.
At Evergreen Home Loans, we help homeowners explore what’s possible with the equity they’ve built. Whether you’re considering buying your next home outright or exploring other smart lending options, we’re here to guide you through every step.
You’ve spent years building equity. Now it may be time to let that equity work for you.
Connect with your local Evergreen loan officer to discuss your home’s current value, your financial goals, and the best strategy for turning your next move into a step toward greater freedom.
Source: KCM
