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 401: 5 Mistakes to Avoid When Buying Real Estate
Episode 400: How To Earn More Commissions Without New Leads
Episode 399: Congratulations! You Made It to 2024
Episode 398: Here’s What A Good Business Coach Will Teach You
Episode 397: Are Lenders Blatantly Violating LO Comp Rules?
Episode 396: OpenAI 101: From Clueless To Genius
Episode 395: Learn From My Mistakes
Episode 394: How To Improve Your Sales Through Storytelling
Episode 393: What’s In Store For 2024
Episode 392: 5 Ways to Expand Into New Markets
Episode 391: Unicorn in Heels: Mastering Fintech, Motherhood, and Marriage with Suneera Madhani
Episode 390: 3 Ways To Increase Your Personal Income
Episode 389: Understanding Bank Statement Loans
Episode 388: How Successful People Prepare for The New Year
Episode 387: Understanding The Business of Entertainment
Episode 386: How Will AI Impact the Mortgage Industry?
Episode 385: Timeless Business and Career Advice
Episode 384: 5 Ways to Survive The Holidays Without Going Broke
Episode 383: The Loan Officer’s Formula for Success
Episode 382: Understanding The NAR Commission Lawsuit
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