Home Equity

Home Equity - The Greatest Gift

If anyone tells you to avoid taking out a mortgage, just punch them in the face and tell 'em to back off. They just don't know, they don't know the benefits of home ownership or the high level of extreme financial results that are sure to follow your home purchase. Because you don;t just get a home and all its associated costs when you take out that home loan, you get a major financial force that is proving to be the biggest financial resource for American families today.

Home purchase now = home equity...now.

You've heard about home appreciation rates, now take a look at their real financial effect:

• Lets say you are just one of the 60 or so million people living in California today, and you are lucky enough to own your home. It doesn't have to be much - no manse in the hills or beach side bordello with street-front murals - just a house, any old house, and you will be sitting on a gold mine.
• Annual home appreciation rates are sitting right at about 30% - meaning if you buy a $100,000 home today it will probably be worth $130,000 next year.
• Thing is, this has been happening for a while now, and you you'd be hard pressed to find a house for less that $300,000. BUY IT! Buy buy buy buy buy - thats $90,000 a year if you get in while the getting is good!

All this increase in home price goes straight to your increasing home equity, which is turn you can use in one of two financially victorious ways:

1. You can sit on that equity, keep paying off your home loans and just wait for the ripe time to sell. Sell it, then count your new fortune and on the deck of your already-paid-for home in cheap-skate Texas.
2. Put that equity to use today by taking out second mortgages - invest in your home, alleviate current financial restraints, do what feels natural!

Be careful not to blow your home equity loans on foolish purchases and you'll be just fine. Its a great opportunity you are looking at, and a home equity loan is available to anyone willing to take the risk and grab it!

About Us | Contact Us | Site Map | What's New | View as RSS