One of my favourite things about real estate: equity!
Quick refresher: equity is what you build when you pay your mortgage every month. Basically, it’s the amount you’ll get back in your pocket when you sell your home.
Equity is what makes real estate such an amazing investment. Instead of having the money you pay for housing just disappear each month like it does when you’re renting, that money ends up in your home as equity.
But you don’t have to wait until you sell your home to tap into your equity. With a home equity line of credit (HELOC) and other equity-based loan options, you can put that money to work for you.
