Harness the power of your home equity to fuel your financial goals. Whether you're considering home improvements, investing, funding education, making significant purchases, or bolstering your retirement savings, tapping into your home's equity can provide the cash you need to make it happen.
But what exactly is home equity? It's the difference between your home's current market value and the amount you still owe on your mortgage. Your equity can grow through various means:
Appreciation: As your home increases in value over time, so does your equity.
Home Improvements: Making upgrades and renovations that enhance your home's value can boost your equity.
Principal Payments: Paying down the principal balance of your mortgage builds equity over time.
These option of a cash out refinance gives you the flexibility to use the cash for whatever you need, from enhancing your home to pursuing your financial aspirations.
Ready to put your equity to work for you? Consult with your loan advisor today to explore how you can leverage your home's equity to achieve your financial objectives.
© 2024 Old Republic Mortgage. Branch NMLS 41891 - All Rights Reserved. A division of American Pacific Mortgage Corporation NMLS 1850. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity. Privacy Policy. NMLS Consumer Access. Accessibility Statement. Please visit our Disclosures page for more details for all loan types.
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