Having Financial Issues with Renovation?
March 12, 2020Don’t Give Up On Your Property
May 21, 2020Kim and Matthew came to me with hopes of getting guidance with their current financial situation. They had recently added an addition to their Primary Residence and knew they had more equity in their home. They just weren’t sure about how to use it. Your home is an asset. When you increase the value of that asset, it creates an opportunity to access cash through vehicles like home equity loans, or — as I did for Kim and Matt — refinancing your home completely.
At these low-interest rates — and during an economic crisis like the one we’re experiencing — now is the time to access cash from that increase in value through a potential refinancing.
I helped this couple, and you need to get your mortgage broker to do the same. I outline a plan for them, got them the line, eliminated their revolving debt, and reduced their interest rate and monthly payment. I also got them free cash with which to create the financial freedom they need and remove the stress of cash needs, especially at a time like this in the world.Interest rates will never be this low; now is the time to take on loans at these insanely low rates.