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 356: How to Use Personality Profiling To Sell
Episode 355: Secrets To Launching Your Own Mortgage Brokerage
Episode 354: How To Become A Top Producing Mortgage Broker
Episode 353: How Recent Banking Disruptions Will Impact Housing
Episode 351: Mastering Your First Home Purchase: Essential Tips and Expert Advice for First-Time Homebuyers
Episode 350: Unlocking Success: Break Free From Self-Sabotage And Boost Sales With A Positive Mindset
Episode 349: Overcoming The Fears of Being New
Episode 348: Should I Hire A Coach?
Episode 347: What’s Holding You Back?
Episode 346: Mid-Year Review
Episode 345: Do Lenders Pay Realtors for Referrals?
Episode 344: Don’t Go There
Episode 343: Become a Financial Fitness Coach
Episode 342: How to Get Hired Without Any Experience
Episode 341: Business Lessons Learned From Our Forefathers
Episode 340: Why MAA Matters
Episode 339: What We’ve Learned About Podcasting
Episode 338: How To Buy A Home In Today’s Market
Episode 337: Business Tools Every MLO Needs
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