What Could Your Equity Do for You?
MYTH VS. REALITY: Your Home Equity May Be Able to Do More Than You Think
Home equity isn't just for remodeling your home.
Depending on the program and your circumstances, available equity may potentially be used for:
• Home improvements or renovations
• Consolidating higher-interest debt
• Emergency or financial reserves
• Education expenses
• Medical or unexpected expenses
• Major purchases
• Business purposes
• Helping family members
• Purchasing another property
• Real-estate investment purposes
And here's something homeowners sometimes overlook:
Certain home-equity programs may be available on qualifying second homes and investment/rental properties — not just your primary residence.
The right solution could be a HELOC, HELOAN, fixed second mortgage, alternative-documentation program, Shared Equity Agreement or another available home-equity option.
Don't begin by choosing the product.
Begin with what you're trying to accomplish.
Then let's compare the available ways to get there.
Want more details? Click Here
Robert “Rob” Clark
Home Loan Consultant | Firestone Financial Group
209-227-7745
559-476-9279
rbrtclark53@gmail.com
robertclarkloans.com
NMLS #357788 | Firestone Financial Group NMLS #301522 | CA DRE #01148307 | Equal Housing Lender
Advertising Disclosure: Program availability permitted uses of funds, rates, fees, terms, property requirements and eligibility vary and are subject to change without notice. Not all uses or occupancy types are permitted under every program. Second-home and investment-property eligibility varies by program and may be subject to additional requirements. All loan products are subject to underwriting and applicable guidelines. Shared equity agreements are not traditional loans. Information is provided for educational and advertising purposes only.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.