Smart Ways To Create Equity Within Your Home!

Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.

This is money you can use before you sell your home through a home
equity loan. Just keep in mind that a home equity loan is secured with your home. If you can’t make the payments, you can lose your home.

Use Your Home Equity In Smart Ways:

HomeownerTips

  1. Remodel Your Home – If you’ve wanted to add on a family room or modernize your kitchen, consider using your home’s equity to fund the project. Home improvements usually increase your home’s marketability and value.
  2. Make Needed Major Repairs – Your home’s equity can be a funding source for major repairs like plumbing problems and re-roofs. Once again, this is an improvement for your home that will help keep its value up.
  3. Buy Another Property – Real estate is still a safe investment. You can use your home equity to buy a second property when home values are down. When the market recovers, you can sell the investment property for a profit. This also works if you have to move out of town and are still trying to sell your home. If you can afford the payments, use your home’s equity to purchase your new home until the current one sells.
  4. Pay For Unexpected Medical Expenses Or Job Loss – You never know when a medical emergency or job loss will leave you in debt. A home equity loan can give you the money you need to get through this difficult time.

It’s easy to build equity in your home when you find the right deal. Let me help you find your perfect home and negotiate a great price and terms for you. Contact your mortgage professional today.

Written by Dennis Frank – Kent Real Estate Agent – Call Now @ 253-561-1763

Published by

Dennis Frank

At age 25, I became interested in real estate and began investing in housing! I quickly realized the many advantages of home ownership and bought my first house in Kent, WA. Since then, I developed a love and passion for real estate as a investor, landlord, and real estate agent! Now with over 15 years experience, I am committed to providing excellent customer service, with a strong work ethic, while conducting myself in an honest and professional manner. I am continually updating and increasing my real estate knowledge and skills through ongoing training and education. I have built long standing relationships with many of my customers and I will work hard to exceed your expectations! My goal is provide the best customer service in the business! I would love to represent you and look forward to working with you on your next real estate transaction!

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