Category: Home Equity

Second Mortgages

2020 was a financially sound year for homeowners since the home equity has an average gain of $26,300 last year. According to Corelogic, an average homeowner has more than $200,000 in equity. The pandemic brings in unprecedented financial difficulties, during which time you may need access to a large amount of money. Consider tapping into the […]

Home Equity Line of Credit vs Loan

Ever heard of the term “House Rich but Cash Poor.” It happens when you have money tied in equity but not in your hands. 1.42 million homeowners with outstanding mortgages have home equity built up on their homes. Accessing your equity can be helpful in times of emergency or even when you are strapped for […]

Opportunity is Spelled E-Q-U-I-T-Y

  While cruising through Instagram recently, I came across a post that indicated 37% of homeowners in the United States THINK they have more than 20% equity while, in reality, 74% ACTUALLY have more than 20% equity.  Since this was social media, of course, I accepted this fully at face value.  The creators of such […]

Equity Rocks!

In the ‘80s and ’90s (I realize that was about a million years ago to many of you), there was a musician who had his share of the limelight and went by the name of Adam Ant (I’m about 175% sure he wasn’t born with that name). At any rate, Mr. Ant wrote his own […]