Money doesn't grow on trees. But your home? That's another story.

December 21, 2018


Do you realize your home equity can be one of your greatest financial resources?

It’s true that as you pay down your mortgage, you build equity (the amount of your home you actually own). But as your home appreciates in value each year, it also helps you build equity without having to lift a finger. This equity becomes a valuable asset you can leverage to help you meet other financial needs.


The Power of Appreciation

Since 1991, home values have increased an average of 3.74% each year, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). Just in the past year, home prices went up an average of 6% across the country. 

The chart below shows how the house price index has generally risen over the past 29 years. As you can see, current home values have bounced back well over the peak of the housing bubble. That means, based on appreciation alone, there’s a good chance that you may have equity to tap into. 






In other words, you could be sitting on a pile of cash. 


Cash Out Your Equity; Meet Your Goals


Saving up enough money to meet your financial goals can take years. By refinancing your home, you can cash out your equity and use it for whatever you need, while taking advantage of today's historically low interest rates. 


Whether you want to pay off debt, cover tuition costs, or renovate your home, leverage the equity in your home to help you meet your financial goals. 












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