Your home equity is the amount of personal equity or wealth that you have in your home. If you own a home, you’ve probably heard about home equity and are wondering how to use it to borrow or make money.
The larger your accumulated equity, the more you can borrow from your home. Many homeowners use their equity to fund major purchases, renovations, invest or pay off debt. Learn how to use your home equity below.
Understanding Home Equity and Its Perks
When a homeowner pays off their mortgage while making monthly payments, over time they build up equity in their home. The more you pay off your mortgage, the more equity you accumulate in your property, which you can use in the future.
Home equity is a valuable measure of your wealth distribution, but it’s most commonly used when borrowing capital. A home equity loan, such as a second mortgage or a home equity line of credit (HELOC), may be used to borrow using your home equity.
However, if you go to a regular bank and try to withdraw that equity from one of your projects, you may l be denied. Banks usually have several requirements and have policies that don’t allow clients to use equity as a down payment for another project or mortgage.
At Freedom Capital, we do.
Borrow Using Home Equity With Freedom Capital
Freedom Capital is Canada’s only brokerage that focuses on alternative financing.
With a Freedom Capital Equity takeout, you get some breathing room to make it through the twists and turns in life.
This is a significant feature that many of our investors are taking advantage of. If you’re a builder or developer with many homes or land only assets that have risen in value and have a lot of equity, Freedom Capital can help you.
At Freedom Capital, we will take advantage of your existing equity and provide you with up to 100% financing to purchase another asset. We’ll also set up an open mortgage. So we’re not limiting you; instead, we’re using your existing assets and helping you invest in new projects and make more money.
Don’t be restricted, tap into your asset’s equity. We help increase your investment portfolio without the large outlay of cash by using your assets in your favour.
Apply Now at www.freedomcapital.com or Call Us for More Information : +1 866-944-7778
