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Using Equity to Raise Cash
Cash When You Need It
As a homeowner, you have a great opportunity to make the most
of equity you have built in your home. You can use the equity
to manage your finances wisely. For example, you can consolidate
various debts such as high interest rate credit cards and personal
loans into one loan at a low residential rate. Some possibilities
are -
- buy a car
- finance the kids education
- home improvements
- investment such as deposit on another property, funding
share purchases
This may be a good time to look at other loan products to
ensure that you have the loan that best suits you. Or you
may elect to simply increase your existing loan. Whichever
you decide, I am able to guide you through the options.
Tip: Raising funds to purchase another property
or improve your existing property retains the equity in your
property. Raising funds for expenses such as holidays reduces
the equity in your property.
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