Maximizing the Potential of Home Equity
Posted by Infinity Admin on
Homeownership is a cornerstone of the Canadian dream, but it's more than just a place to hang your hat. It's also a valuable asset that can unlock numerous financial opportunities. One of the most powerful tools at your disposal as a homeowner is home equity. In this article, we'll explore what home equity is and discuss a few creative ways to leverage it to your advantage.
Understanding Home Equity
Before we dive into the ways you can utilize home equity, let's clarify what it is. Home equity is the portion of your home's value that you truly own. To calculate it, subtract your outstanding mortgage balance from the current market value of your property. The result represents the amount of wealth you've built in your home over time.
Now that…
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