THREE WAYS TO BENEFIT FROM GROWTH IN YOUR HOME EQUITY
Cheryl Braunschweiger
??Speaker | Coach | Certified Guide | Mortgage Girlfriend | Trainer | Production Sales Leader ?? I help audiences amplify their conversations so they always know Exactly What to Say? to achieve their desired results ?
According to CoreLogic, the largest provider of real estate data in the US, homeowners with mortgages experienced an increase in their home equity of 5.1% last year (Q3 2018 to Q3 2019).
When aggregated among all homeowners, this represents a $457 billion increase in home equity, with each homeowner experiencing an average $5,300 increase in home equity.
Here are three options you may want to consider if your home equity has increased in the past year:
Make Home Improvements: you may want to consider a cash-out refinance or home equity loan to make some home improvements
Consolidate Other Debts: you may want to consider a cash-out refinance or home equity loan to pay off other debts
Trade Up or Down into a New Home: it may be a good time to consider using your current home equity as a down payment on a new home Contact me for more info or to explore your options!
Source: CMPS Institute
Cheryl L Braunschweiger
VP Branch Manager Producing
NMLS: 266695
Nova Home Loans
17204807792
11080 Circle Point Rd, #100, Westminster,
Colorado 80020 Corporate
NMLS: 3087