Many homeowners have seen their homes' equity increase quite a bit with how hot the market has been in recent years, and some are making the smart decision of reinvesting that equity into new ventures.
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As the market goes up, many homeowners are seeing their equity go up, and that's a great thing. Lately, many of these homeowners have asked me about what they can do with all this equity.
So how can you leverage this equity and invest in your future while home appreciation is so favorable? We've recently had a lot of clients refinance their home loans to pull out equity to leverage it into a second home or investment property.
If you want to go this route and buy something like a beach condo or something in the mountains and you can qualify it as a second home, you can actually buy the property with as little as 10% down.
The recent surge in the market has left many homeowners with a lot of equity.
This is a great option for homeowners who want a vacation home or investment rental property without having to leave their current home. With interest rates as low as they are, it's an even more tempting opportunity.
If you're interested in leveraging your equity for a second home or an investment property, we'd love to help you reach that goal. Give us a call or send us an email soon and we can get you started on that path.
