Should you put your home’s equity to work for you?
There’s been a lot of talk about the housing market lately…. “Rates are continuing to stay low.” “Rates are going to rise.” “Inventory is tight.” “Values are rising.” “It’s a seller’s market.” One thing’s for sure: Owning a home today can give you an excellent source of untapped funds. That's because the home you own may be the best place for you to borrow money you need – whether it’s to finance a one-time large purchase, manage ongoing or unexpected expenses, or consolidate debt. If you've lived in your home for a while, you may have equity built up that can be a smart source for financing.
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