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 336: Become a Great Public Speaker In Less Than 30 Minutes
Episode 335: How The Debt Ceiling Impacts Mortgage Rates
Episode 334: What Does CRM Mean?
Episode 333: Q&A With The Experts: Answering Your Top Career, Life and Financial Questions
Episode 332: Who Or What Is Fannie Mae and Freddie Mac?
Episode 331: How To Stay Motivated In A Down Market
Episode 330: 5 Ways To Make Millions In Real Estate
Episode 329: What It Takes To Be In The Top 1%
Episode 328: Why 400 Mortgage Bankers Marched On Capitol Hill
Episode 327: The Truth Behind Biden Mortgage Cost Increases
Episode 326: How to Pass The NMLS Safe Test
Episode 325: Understanding Today’s Homebuyer
Episode 324: Career Advice for College Students Live from UCF
Episode 323: How To Build an Airbnb Empire
Episode 322: Chat GPT and Artificial Intelligence
Episode 321: How To Become A Real Estate Investor
Episode 320: The Truth Behind Reverse Mortgages
Episode 319: Here’s What’s Poppin’
Episode 318: Life Lessons From A Hollywood Actor
Episode 317: Is Loan Officer Compensation on the Chopping Block
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