4 Ways to Access your Home Equity. While home equity is one of your greatest assets, accessing home equity is often overlooked when putting together a comprehensive financial plan. So if you’re looking for a way to access some of your home equity, you’ve come to the right place! Simply put, home equity is the actual market value of your property minus what you owe. For instance, if your home has a market value of $650k and you owe $150k, you have $500k in home equity.
If you want to stay in your home but also access the equity you have built up over the years, there are four options to consider.
1. Conventional Mortgage Refinance
2. Reverse Mortgage
3. Home Equity Line of Credit (HELOC)
4. Second Position Mortgage
If you’re looking for a way to access the equity in your home to free up some cash, please get in touch. You’ve got options, and we can work together to find the best option for you! Visit my site to connect with me directly:
https://www.dianebuchanan.ca/
