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How to Build Home Equity

While it is possible to get into homeownership with little upfront investment, there can be many benefits to building up equity in a property. Mortgage equity is the value of the homeowner’s stake in a home. It is basically how much the home is worth minus how much is still owed on the mortgage. Having plenty of equity helps protect against foreclosure in case of financial hardship, it makes it easier to sell or refinance your home when the time comes, and it can be a source of emergency funding.  The good news is some of equity building happens without you having to lift a finge...

April 24th, 2019 | Home Equity, How to Build Home Equity

Lara Locke

2900 Adams St, Suite A305
Riverside, California 92504
Phone: 951-405-2454
Fax: 805-824-0982
NMLS: 949406
BRE: 01953203

Lara Locke & Team