Comments on: Your Equity an Asset?

By: Martin Bouma-Ann Arbor Real Estate

Martin Bouma-Ann Arbor Real Estate — Sun, 29 Mar 2009 22:02:04 +0000

Your equity is a great asset, and a wonderful option for using when wanting to do home updates that add even more value-like new kitchen or landscaping.

By: larry hann

larry hann — Thu, 12 Mar 2009 19:09:58 +0000

In Canada it now makes excellent sense to access the equity in your home. Mortgage rates are low, 5 year fixed rate mortgages at 4.24% (variable is steady at 3.30%). At these rates it may make good sense to access equity to pay down debt or do some renovations (since there is now a federal renovation ax credit). Maybe even buy additional real estate. Some areas, for instance St. John’s NL, still has excellent investment opportunities. Rental vacancy rates are very low, CMHC is predicting that there is still expected that housing prices will rise (up to 5% this year).

By: myrtle beach rentals

myrtle beach rentals — Wed, 28 Jan 2009 03:51:18 +0000

right now equity is imaginary! if you don;t beleave me try refinancing a home 2 times in the same year or asking for a cash out

By: JCL

JCL — Thu, 11 Dec 2008 15:03:34 +0000

A HELOC is just like cash, if you have a big enough one and you find a house cheap enough but need to close quickly, you can just use your “cash”. Then turn around and refi the new home and pay off the HELOC. Rinse and repeat. Just make sure the deal is enough of a ‘home run’ to justify doing it this way.

By: Edward J Clements

Edward J Clements — Wed, 26 Nov 2008 01:33:07 +0000

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