Home equity is the market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property. In economics, home equity is sometimes called real property value. (Wikipedia) Homeownership offers many advantages over renting, including a stable living environment, […]
Articles about Home Equity Loans
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution.
A home equity line of credit, or HELOC (pronounced he-lock), is a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's equity in their house (akin to a second mortgage).
Photo by The Balance / Alison Czinkota
Knock, Knock, Your HELOC is Coming Due Soon
Some time ago we wrote about this issue. Now the time has come so we are putting out the warning one more time. Ten years ago we were at the height of the real estate bubble. We all know what happened soon after that. In the years leading up to that time and a few […]
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These are a few of my favorite things 🎶 (Cue the music and bring in Julie Andrews...) 🎄
Smart home gadgets can help you simplify your celebrations and create lasting memories—plus, studies show they can increase your property value by up to 5%. Cha Ching! 🤑
Here are a few of our favorite uses for smart tech this season:
👨🍳 Effortless Entertaining
Make your gatherings unforgettable with smart lighting and voice-controlled music.
⭐ Upgraded Traditions
Enjoy movie nights with a smart projector, or create a dazzling outdoor display with ease.
🤖 Simplified home management
Keep your home spotless with a robot vacuum and manage deliveries with a smart doorbell.
🔒 Enhanced Home Security
Protect your home while you're away with smart security systems.
Check out our latest blog post to learn more about how smart home tech can increase your home value and to see our picks for the best gadgets for a stress-free holiday season.
🔗 [Lincoln Bio] 😏
#realestate #realestateagent #smarthometech #homeimprovements #propertyvalue](https://guthriegrouphomes.com/wp-content/plugins/instagram-feed/img/placeholder.png)
