Real Estate Update
Home equity is a strong financial asset that homeowners can use in many ways. It represents the difference between the current market value of your home and the outstanding balance on your mortgage. As you pay down your mortgage and as your home's value appreciates, your equity grows, creating a valuable financial resource.
Did you know you can use your home equity for various purposes? According to the latest research, three out of five home loan holders have at least $100K in tappable equity (the sum a borrower can access while keeping a healthy 20% equity cushion). Here are some ways you can make the most of your home equity:
When Not to Use Home Equity
How to Start Utilizing Home Equity
Whether you're looking to improve your home, consolidate debt, or fund major life events, I am here to help you navigate the process of leveraging your home equity. Your journey to financial empowerment begins with understanding and utilizing the resources available to you – let's explore your options together!
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You’ve got questions and we can’t wait to answer them.