The
equity in your home is a powerful financial tool. You can use it to:
Consolidate your debts to significantly lower your payments,
reduce your interest rate, get one payment per month instead of
several, and get a new tax write-off (see your tax advisor
for details).
Perform Home Improvement to make critical repairs that protect
your real estate investment or to customize your home for better living.
Take advantage of Investment Opportunities. The relatively
low interest rates available on home equity financing create investment
opportunities whenever the investment return is greater than the interest
rate of the loan.
Get the Down Payment for other Real Estate purchases. With
the skyrocketing values of Santa Clara County properties, many owners
prefer not to sell their home to get the down payment for their next
home purchase. Instead, they take an equity loan against their current
home to use as the down payment for their new home so they can keep
ownership of their other excellent investment property and to get
rental income!
There are many different options available to make your home equity
work for you from home equity loans, to cash-out refinances, to equity
lines of credit.
When was the last time you had a consultation with a professional
mortgage advisor to review your equity options?
Set up a free consultation today with William
DeHart…your Mortgage Advisor for Life to review your options
regarding leveraging your home equity. |
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