Your Home can put dollars in Your Hands and provide some TALL money for dreams such as:
✔ Home Renovations ✔ Education Financing
✔ Investment in a second property
✔ Start or grow your business, and much more!
What Is Home Equity?
Home equity = The portion of your home that you truly own.
It’s the difference between:
Market Value of the Home minus Outstanding Mortgage Balance
Simple Example
Home value: $30,000,000
Mortgage remaining: $18,000,000
Equity: $12,000,000
That $12M is your equity – your ownership stake.
Over time, equity increases because:
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You pay down your mortgage.
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Property value increases.
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You renovate or improve the home.
Imagine! Money Hidden in Your House and you can use some of it!
Here’s why Home Equity Loans are attractive.
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Lower interest rates than unsecured loans.
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High borrowing limits
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Long repayment terms
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Predictable monthly payments
Rates are usually better because the loan is secured by property.
