When to Use Home Equity and When Not To

stock-illustration-817573-home-equity
Now that home values are starting to appreciate again, a lot of people are thinking that using their home equity could get them out of the hole that the recent recession has put them in. The article below talks about how to WISELY make that decision. One of the opening cautions in the article states “A recent Federal Reserve study found 30?% of Los Angeles homeowners who lost their houses during the foreclosure crisis wouldn’t have defaulted had they not cashed out their home equity”. Hopefully, this article will make you think before using up your equity! AND don’t forget to CLICK HERE for help with all of your real estate needs!

Published by Own This Home Team

The most important decision you make when buyer or selling a home is finding the right Realtor. You need someone with experience, who is dedicated to looking out for YOUR best interests. The Own This Home Team has helped over 1500 families buy or sell homes. With over a combined 45 years of experience, Billie Jo and Kathy provide extensive knowledge in residential sales, new construction, probate, short sales and foreclosure sales. Our relationship as your Realtors is built on trust. Value and service will be provided before, during and after the sale, so that your changing needs are always address and satisfied. It is not only our business philosophy but a commitment to provide you with exemplary personalized service beyond your expectations. Our practice is to listen, hear and truly understand your needs; a quality of business conduct that often seems to have been forgotten in today’s fast-paced highly automated society. Our promise is to provide YOU with the most exceptional real estate experience.

Leave a comment