3 Ways to Use Your Home Equity

3 Ways to Use Your Home Equity

Your home is more than four walls. It's a treasure trove of opportunity and a tool for getting you where you want to be. 

FACT: U.S. homeowners have an average of $274,000 in equity — equity that could be working for you in one of these three ways:

1) Renovate and renew.

Has your kitchen been begging for an upgrade? Or does your living room need a modern twist? Your equity can foot the bill for those long-awaited renovations. 

2) Move up without selling out.

Found your dream home but don't want to say goodbye to your current property? That equity can open doors to a new home without parting ways with your current one. Plus, you can rent out your current home for an additional income stream. 

3) Long-term investing.

Whether it's starting a business, funding your or your child’s education, or venturing into the world of investments, your home's equity is a potent resource.

Ready to make your equity work as hard as you do? We’d love to talk about your options and map out a strategy that fits your goals. Just reach out to get started!

Source: Homeowner Equity Insights – Q1 2023 | CoreLogic®.

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