For the Love of North County
From Kara Brem
Kara Brem, Windermere Homes & Estates / BRE #: 01939667
Your North County San Diego RealtorĀ®, 6965 El Camino Real, Carlsbad, CA 92009
(w) 831.818.3050
Equity Growth and How to Use it to Your Advantage
As we have all heard or experienced first hand, the housing market has seen a tremendous comeback over the last 36 months. House prices have soared, bringing home values up to a point where many homeowners are in a positive equity position. This is a great opportunity for you as a homeowner to use that equity. Here are a few ways equity growth can benefit you:

-Sell existing home
Use equity to purchase a newer, larger home, with a bigger down payment or relocate to a different area

-Use equity to purchase a 2nd Home or Investment Property

-Pull equity out to remodel existing home, make upgrades or add a pool

-Refinance existing mortgage to get rid of PMI

-Refinance to payoff and/or consolidate debt

Whatever the case may be, recent equity growth can be used to benefit ones financial position. With interest rates still at historic lows, this a perfect time to explore different financing options.