Access your equity

If you already have substantial equity in your home, you can access it through a “cash-out refinance” solution.

What is home equity? Home equity is the difference between your home’s fair market value and the total balance of any mortgages on your home. Think of it as your ownership interest in your home.

Home equity accumulates in three ways:

  • Appreciation in the local housing market over time
  • Physical improvements or renovations to the home
  • Principal payments on the mortgage itself

Through these three avenues, cash value—or equity—steadily builds up in the property.

Putting your equity to work for you

The good news is that the cash in your home doesn’t have to stay “buried.” If you’ve been thinking about paying off credit card debt, saving money for your children’s university, making home improvements, or adding to your retirement fund, you can put your equity to work for you.

In addition, if an unforeseen expense arises—or your employment situation changes—your home’s equity can help. We can evaluate your options and help you make an informed decision that’s right for your situation.

Contact Piper Loans today to see if a cash-out refinance is right for you.

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Rosemary Conaty · July 12, 2018 at 6:03 pm

Amazing blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own website soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any recommendations? Thanks a lot!

    wade · July 16, 2018 at 4:07 am

    Thanks very much for your comment. I am quite passionate about the mortgage industry and thought I would write a blog to provide some education. I’m certainly not a writer, but I do enjoy. I think if just starting out, wordpress is very good. I paid for mine, but it ended up being a wordpress backend and since this I have full control so can make any amendments when required.

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