CMG Financial’s Post

Name: CMG Financial on LinkedIn: #heloc #homeequity
Uploaded: 2024-11-25T20:00:43.507Z
Duration: 45 s
Channel: CMG Financial
Description: Did you know there's CASH trapped inside your home?! Before you start shuffling through the couch cushions looking for coins, try looking another place — in your home's equity! Here's how you can turn your home into cash WITHOUT selling it #HELOC #HomeEquity

CMG Financial

33,585 followers

1mo

Did you know there's CASH trapped inside your home?! Before you start shuffling through the couch cushions looking for coins, try looking another place — in your home's equity! Here's how you can turn your home into cash WITHOUT selling it #HELOC #HomeEquity

Transcript

Here's how you can turn your home into cash without selling it. If you've put enough money into your home, then you can take some out of it. If you have more than 20% equity, you can turn some into cash. If you have less than 20% equity, you'll need to keep building it up by making your mortgage payments and seeing if your home value rises. To tap into your equity, you'll need to get a cash out refinance or a home equity line of credit. If you opt for a cash out refinance, you'll get a new interest rate and a lump sum of cash. If you opt for a HE lock, you can keep your interest rate and pull out money whenever you need it. To decide which loan is right for you, talk to a loan expert at CMG.

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