THREE WAYS TO BENEFIT FROM GROWTH IN YOUR HOME EQUITY

Dated: September 24 2018

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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!

CLICK HERE for the full article from CoreLogic

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Blair Halford

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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