Your Home Equity Could Help You Achieve Your Goals

August 9, 2022

Do you want to renovate your home or start a business? Maybe pay off debt? Consider a cash-out refinance to achieve those goals!

Based on current data, the equity line of credit that is available to homeowners today is significant. CoreLogic reports in their S&P Case-Shiller U.S. National Home Price Index that homeowners gained over $60,000 in equity per home. This is due to rising home price growth over the past few years across the country. This same report also indicates that home prices increased 20% year over year in March 2022.

Learn what this might mean for you based on the equity you have in your home. Real estate investors are using a cash-out refinance to purchase a new investment property. Are you interested in an investment property? Another good reason to consider a cash-out refinance!

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