If you’ve owned your home in North Alabama for a while—whether it’s in Madison, Meridianville, Owens Cross Roads, or beyond—you may be sitting on more wealth than you realize. And we’re not talking about cash in the bank.

We’re talking about equity.

That built-in wealth from your home appreciating over time could be the thing that makes homeownership possible for your children in today’s competitive market.

Even with a solid job and a smart financial plan, many first-time buyers are still struggling to afford their first home. Between rising prices, higher interest rates, and increasing monthly costs, the dream of owning a home can feel just out of reach.

But that’s where your home equity can help close the gap.

According to Cotality (formerly CoreLogic), the average homeowner with a mortgage now has about $311,000 in equity. That’s a significant amount of wealth—and some North Alabama homeowners are starting to use a portion of it to help their children take the next big step.

And they’re not alone.

According to Bank of America, 49% of homebuyers between 18 and 26 years old received help from their parents to cover their down payment.

Let’s be honest—this isn’t just about the money. For many of us, it’s about giving our children something meaningful:

🔹 Stability
🔹 A fresh start
🔹 A place they can truly call their own

According to Compare the Market, “45% of Americans who received financial support from parents or grandparents said they wouldn’t have been able to buy a home without it.”

Helping your kids into their first home isn’t just generous—it’s impactful. It’s the kind of support that builds momentum for their future. And for you? It’s a way to turn what you’ve worked hard to build into something that lasts for generations.

There’s no one-size-fits-all approach—but here are a few common ways parents are using home equity to support their children’s homeownership goals:

• Gifting a portion of their equity by doing a cash-out refinance or home equity line of credit (HELOC)

• Helping with a down payment after selling their current home and downsizing

• Co-signing or co-buying a home to help their child qualify for better terms

• Investing in a multigenerational property where everyone benefits from the space—and the equity

If this sounds like something you'd consider, your next step is to connect with your lender and financial advisor to see what makes the most sense for your family’s goals. And of course, our team is always here to talk strategy when it comes to making that move possible.

Ready to Explore How Your Equity Could Help Your Family?

Whether you're thinking about gifting a down payment, exploring a shared purchase, or want to understand how much equity you’ve built—we’re here to help you navigate the possibilities.

At the Rebecca Lowrey Group, we guide North Alabama families through every chapter of homeownership—including the meaningful moments that come with helping the next generation start their journey.

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