Скачать или смотреть Do you have a lot of equity in your home and want to use it? Here are 3 smart options.

Do you have a lot of equity in your home and want to use it? Here are 3 smart options.

Example: You bought a home for $300K, paid it down to $150K, and now it’s worth $550K. That’s about $400K in equity.

1️⃣ Sell – Cash out, but you lose the property and pay taxes.
2️⃣ Cash-out refinance – Refinance at ~75% LTV, pull out around $260K tax-free, but your mortgage increases.
3️⃣ HELOC – Access your equity like a credit card. You only pay interest on what you use.

Each option has pros and cons. Choose wisely.

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