Jose Diaz - Loan Officer
How to get Equity Out of your House

Your home is probably your most valuable asset, and you may be able to borrow money using your home as collateral through a Refinance.

Home equity is the financial difference between the value of your home and the amount of money you still owe on that home. For example, if your home is worth $100,000 and you owe $75,000 of your mortgage loan, you will have $25,000 of net worth on your home.

If you’re thinking of Getting Equity Out of your Home, now is the time. Are you Ready to Find Out Why?

  • Home improvements: Home equity is a great option to finance large projects like a kitchen renovation that will increase a home’s value over time. Many times, these investments will pay for themselves by increasing the home’s value.
  • College costs: If you decide to pay for your child’s education using home equity.
  • Debt consolidation: This is another very popular use of home equity, as one is often able to consolidate debt at a much lower rate over a longer-term and reduce their monthly expenses significantly.
  • Set aside emergency cash: Most financial experts agree that you should have an emergency fund to cover three to six months of living expenses, but that’s simply not the reality for many Americans.
  • Start a business: Some business owners use their home equity to grow their businesses.
  • Take a vacation: Why not, you deserve it!

 

As a Mortgage Loan Officer in Florida, I can advise you throughout the buying process. If you are thinking of buying a property in Florida, you can call me or write me on WhatsApp or clic here to contact me and I will be ready to provide you with a totally free Financial Advice.

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