Unlocking Home Equity: HELOCs, Cash-Out Refis, and Inflation - What You Need to Know

Your home is a valuable asset that can open up financial opportunities. With a HELOC or cash-out refinance, you can unlock funds for home renovations, debt consolidation (a popular choice in today’s high-interest rate environment), or major purchases. Our Home Equity Lines of Credit and cash-out refinance options offer flexible ways to tap into your home's equity.

Inflation: Inflation continues to be deeply embedded in the economy, though it is rising more slowly now at 3% compared to 3.1% previously. The Federal Reserve may cut interest rates later this year due to the high cost of paying interest on the national debt ($870 billion annually) rather than CPI readings. Lowering the Fed Funds rates would help manage this debt as borrowing continues to increase. Cutting the Fed funds rate directly impacts consumer loans such as HELOCs and Auto loans, and indirectly affects mortgage rates.

HELOCs Advantages: Initial rate of 8.75% interest only for the initial 10 years tied to?Fed Prime rate in many cases, the interest paid on your HELOC may be tax-deductible

Curious about your home's equity? You can just email us your property address, and we'll provide a free Automated Valuation Model (AVM) assessment, no strings attached. A HELOC or cash-out refinance may make financial sense. Call us for a consultation.