How to Use the Equity in Your Home

by | Apr 26, 2022 | Special Team's Report | 0 comments

GoalLine Real Estate can help you use the equity in your home if you choose to do so! There’s never been a better time!

In the simplest terms, equity is the difference between the market value of your home and how much you owe on your mortgage. As you pay down your mortgage, your equity in your home continues to increase. Other factors that can increase your home equity include improvements on your house and the appreciation of your local market over time. With the prices in the current market right now, your home value has never been better!

If you are interested in finding out what the market says your home is worth, I can help you! Text me and I will run a comparative market analysis to help you know what your equity looks like.

One way to take advantage of the equity in your home is when you do a cash-out refinance. You could buy an investment property, do a major project around your home that you’ve been putting off, you could pay off large debt, take that awesome vacation or whatever you’ve been wanting to do but just didn’t have the cash to do it!  As values continue to increase, the equity in your home will continue to grow. I have first-hand experience! My husband and I just did a cash out refi to buy our first investment property!

Let me know if you have any questions ~ I’m here to help you through the process!  I also have other suggestions for you if you are wanting to take advantage of the great market right now!

Lastly, if you need a lender to speak with I have that for you as well!

Let’s build wealth together!!

#bethbrake #goallinerealestate

Beth Brake  REALTOR® 214-769-2947

Positively impacting your life as you move toward your dreams.