Do you realize your home equity can be one of your greatest financial resources?
It’s true that as you pay down your mortgage, you build equity (the amount of your home you actually own). But as your home appreciates in value each year, it also helps you build equity without having to lift a finger. This equity becomes a valuable asset you can leverage to help you meet other financial needs.
The Power of Appreciation
The chart below shows how home prices have generally risen over the past 26 years. As you can see, current home values have bounced back well over the peak of the housing bubble. That means, based on appreciation alone, there’s a good chance that you may have equity to tap into.
In other words, you could be sitting on a pile of cash.
Cash Out Your Equity, Meet Your Goals!
Whether you want to pay off debt, buy a car, or renovate your home, leverage the equity in your home to help you meet your financial goals.