Today’s cash-out refinance situation bears no resemblance to the situation that preceded the housing crash.
3 Ways Home Equity Can Have a Major Impact on Your Life
Savings in any form is a good thing. The forced savings you can earn from making a mortgage payment enables you to build wealth through home equity. That equity can come in handy in both good and more challenging times.
The Importance of Home Equity in Building Wealth
Home equity, for most Americans, is the quickest way to build household wealth. That wealth gives homeowners more options during good times and in difficult situations.