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 376: How Politics Impact Housing and Home Loans
Episode 375: 3 Ways Your Parents Lied to You
Episode 374: Prepare for the Hard Landing
Episode 373: What It Means To Work ’On’ Your Business vs ’In’ Your Business
Episode 372: This Will Be The Last Buyer’s Market
Episode 371: How To Make Money By Moving
Episode 370: A Lesson In Mortgage Rates and The Bond Market
Episode 369: Mortgage Refinances Are Up, Should We Be Alarmed?
Episode 368: Live From NAMMBA: DO & JC Take MLO Questions
Episode 367: Why Realtors Are Being Sued
Episode 366: Should You Purchase Leads?
Episode 365: How To Create More Housing Inventory
Episode 364: The Career You Desire Isn’t On Indeed
Episode 363: Is Now The Right Time To Sell My Investment Property?
Episode 362: Who Is The CFPB and What Are They Doing To Mortgage Lenders?
Episode 361: The Truth About Working In The Mortgage Industry
Episode 360: What It Means to Be a Modern Mortgage Professional
Episode 359: How To Increase Sales With Emotional Selling
Episode 358: Why “The Great Reset” Is Your Second Chance
Episode 357: An Interview with Dave Savage: Co-Founder of Mortgage Coach
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