Use Your Home's Equity!

By
Real Estate Agent with Property Matters LLC SL-60697258

Use Your Home's Equity!

With today's home prices rising, many homeowners have equity in their home that can be put to good use!  A larger amount of qualified borrowers will continue to make Home Equity Lines of Credit (HELOC) popular to take advantage of due to low interest rates. Here are some ways to use your equity to your advantage:

1. Make Updates To your Home. Smart improvements are great! They add value to make your home more marketable when you are ready to sell. Update a kitchen or bathroom, clean up your landscaping or add a new front door to make your curb appeal better. Remember not to over improve your home, that can make it difficult to recoup your cash when you sell.

2. Pay For Your Kids College. The interest rates on a HELOC can be far less than a student loan and the maximum loan amount can be higher. Just check with a professional to make sure it won't put you in financial risk down the road.

3. Pay Off High Interest Credit Cards. Again, the interest rates are far lower than the average credit cards. Also, the interest can be tax deductible.

4. Leave Your Equity Alone. Adding debt to your home may not work for everyone. Some homes may not have enough equity to make it worth while, and many times it's great to save it and use it for purchasing a new home when you sell.  Make sure it works for you!

 

 

Posted by

 

For more information or to search for homes in Delray Beach, Boca Raton, or  South Florida , view my website at www.alwayssunnyinflorida.com

   

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Florida Palm Beach County Delray Beach
Tags:
home maintenance
home loans
real estate

Spam prevention
Show All Comments
Rainmaker
2,419,060
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

You have to use what you have in that respect and almost all ways listed in at least four instances.

Sep 15, 2016 04:25 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
77,882

Pam Orzan PA ~ Delray Beach Realtor Property Matters LLC

Selling Delray, Boca Raton, & Boynton Beach
Ask me a question
*
*
*
*
Spam prevention

Additional Information