Is it time?

According to the Mortgage Bankers Association, 44.9% of American households have slightly greater than 50% in available equity in their homes at the end of Q1 2022.

Pent up equity positions, even in these market conditions, can lead to significant cash flow improvements (debt consolidation), and/or funds available for significant household purchases (home improvements, boats, RV’s, etc).

Taking advantage of the untapped equity in your home could include:

• Make home renovations and updates,
• Build a pool,
• Pay off debts (lower your monthly bills).

If you’re wondering if now is the right time for a refinance or cash out refinance, contact our award-winning team today!

Note: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Always consult with a tax advisor concerning tax implications of your mortgage.

Source: https://mortgageorb.com/attom-nearly-45-percent-of-mortgaged-properties-were-equity-rich-in-q1-2022