It’s important to understand the various ways homeowners can leverage their home equity to overcome affordability challenges. Home equity refers to the portion of the property that you truly own, which is the difference between the property’s market value and the remaining mortgage balance. Here are a few ways homeowners can use their home equity…
If you’re planning to retire and considering a move, your home equity can be a valuable asset to help you make that transition. Here are a few ways you can utilize your equity to your advantage: Downsize: Selling your current home and moving to a smaller, more affordable property can free up a significant amount…
Home equity refers to the value of your home that you own outright, minus any outstanding mortgage balance. It can be a valuable asset that can be utilized in various ways. Here are four ways you can use your home equity: Home renovations or improvements: Using your home equity to fund renovations or improvements can…
Whether you currently own a home or are thinking of purchasing one, you may be looking for ways to build equity. Home equity is the overall difference between the amount you owe on your mortgage loan and your home’s market value. Home equity can be used to take out a loan, invest, build long term…
If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan…