How can your home, work for you?
Tapping into your home equity is one of the major benefits of home ownership.
You might be asking what is home equity. Simply put your home’s equity is the difference between how much your home is worth at the current market value and how much you owe on your mortgage. Home equity is increased over the years by proper upkeep of your home through repairs, and maintenance as well as faithfully servicing your mortgage by paying your monthly installments on time each month.
Home equity is beneficial in more ways than one:
1. It can be used to finance other expenses such as home renovations, debt consolidation, education, medical expenses, and even a dream vacation.
2. Investments in more real estate so that the current home remains a liability to the bank but the new property remains free from all encumbrances
3. Switch mortgage – moving from one bank to another and taking more
4. Potentially able to attract lower interest rates than other debts
5. Capital to start a business
Want to secure a financial future?
Then invest in real estate TODAY if you haven’t already and let your home, work for you NOW!
Connect with us and we can advise you in securing a better financial future for you and generations to come.
