Equity is not the profit in your home - it’s a combination of the money you’ve contributed to the purchase of your home - as well as paying down your mortgage, added to your home’s appreciation.
Think of home equity an another asset such as a savings account, stock account or retirement account. For many homeowners, not leveraging their home’s equity comes with an opportunity cost. For others, trading their home as an ATM can lead to financial peril. www.TLOPonline.com for MORE FREE CONTENT!
#TheLoanOfficerPodcast #TLOP #HomeEquity
Episode 261: Everything You Need To Know About Hard Money
Episode 260: How To Go From Newly Licensed To Top Producer In Three Years
Episode 259: How to Run Your Business Based On Data
Episode 258: Don’t Give Away Too Much Free Advice
Episode 257: What I Should Know About Personal Finance
Episode 256: D.O. Answers The Following Questions
Episode 255: How To Handle The Stress
Episode 254: How Do Mortgage Companies Make Money?
Episode 253: Negotiating Compensation
Episode 252: Freddie Mac and ADU’s
Episode 251: Mortgage Outlook Over The Next 6 Months
Episode 250: Think (or Don’t) Like Your Client
Episode 249: No One Can Make You Want It
Episode 248: Understanding The Mortgage Business
Episode 247: The True Value Of A Home Warranty
Episode 246: Failures, Bankruptcies and Terrible Earnings
Episode 245: 5 Business Lessons They Don’t Teach In School
Episode 244: Should You Wait To Buy A Home In Today’s Market?
Episode 243: What Do Realtors Want?
Episode 242: 2-1 Buydowns
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