mortgage planner: Managing your Home Equity
- 10/27/06 07:47 PM
As a Mortgage Planner one of the most difficult concepts to try to explain to a client that is new to the equity management approach is the fact that equity offers no rate of return. Some home owners that have 20 to 50% equity built up in there home seem to think it is a safe way to save there money. In reality having a large amount of equity in your home is not always the safest way to save nor does it offer you a rate of return on your investment. Your property value is going to potentially increase each … (0 comments)
As a Mortgage Planner one of the most difficult concepts to try to explain to a client that is new to the equity management approach is the fact that equity offers no rate of return. Some home owners that have 20 to 50% equity built up in there home seem to think it is a safe way to save there money. In reality having a large amount of equity in your home is not always the safest way to save nor does it offer you a rate of return on your investment. Your property value is going to potentially increase each … (0 comments)
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