Use Your Equity to Get Ahead

Equity is at a record high and interest rates at a record low, making right now the perfect time to tap into your home’s wealth.

This might be the very best opportunity that I’ve seen in my 20 year career in the mortgage industry. There is a ton of untapped wealth in people’s homes right now, and we have clients all over the place that are utilizing it to get ahead.

But you might be thinking to yourself, I really would like to utilize the equity in my house, but I really don’t want to lose progress paying off my mortgage. This is a very valid concern. And if you haven’t set up your mortgage correctly, you could run into that issue.

How to utilize the equity in your home to get ahead, without falling behind on your mortgage.

There’s a couple of ways that we can get around it. And a few things that we put into place for our clients that may be of benefit to you.

The first one is we take a look at your current asset, which is your house. How much is your home worth? How much do you owe on it? What are the current terms on your current mortgage? And super important, how long will you be in the home and how long have you held your current mortgage?

Then we consider what you’re looking at using the cash for. If you’re using it to pay off debts, what are the rates on your debts? What are the balances on your debts? Looking at the best usage of this extra equity for what you want to do is the most important thing.

Then we just go through a simple pre-approval process that you’re familiar with, but now here comes the magic interest rate reduction analytics.

This is a special formula that we run your scenario through, and immediately it will look at and suggest custom mortgage options that you may not even know existed.

Some of these mortgage options may help you reduce your term, pay less interest, allocate the cash where you may want it to be, make better decisions on what you do with your mortgage. And importantly, we want to make sure that that loan gets set up so that if a better opportunity comes down the road later, you have the opportunity to jump on that, too.

So what are you waiting for?

Let’s get started!

About Post Author

Darin Rhodes

A bio is a funny thing, they’re usually written in the third person as if a journalist surprised you one morning ringing your doorbell. “What, you want to interview ME?”

The cold, hard truth is our business interest in each other really comes down to one thing: “can this person help me get what I want?”

In that spirit, my most basic hope, coupled with my deepest desire, is the products, service, knowledge, and experience I have acquired over the years can be laser-focused on one thing: helping you get what you want.

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