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THREE WAYS TO BENEFIT FROM GROWTH IN YOUR HOME EQUITY
Dated: September 24 2018
As reported by CoreLogic, the largest provider of real estate data in the US, American homeowners with current mortgages experienced an incredible increase in their home equity of 12.3% in the past year (Q2 2017 to Q2 2018). When this data is combined among all homeowners, this represents a $1 TRILLION increase in home equity, with each lucky homeowner experiencing an average $16,000 increase in home equity! Here are THREE options you should want to consider if your home equity has increased in the past year:
Make Timely Home Improvements: You may want to consider applying for a cash-out refinance or home equity loan to make some home improvements to further improve your homes value.
Consolidate Your Other Debts: You may want to consider a cash-out refinance or home equity loan to pay off other debts which have higher interest.
Trade Up or Down into a New Home: It may be a good time to consider using your current home equity as a down payment on a NEW home, or time to downsize to fit your lifestyle.
Contact me for more info or to explore your options!
Blair Halford is a Charleston native, and having grown up here and attended Porter-Gaud and the College of Charleston he has appreciation for the Lowcountry lifestyle. His extensive knowledge of the a....
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