Kristie Lorette

How to Use the Equity in Your Home or Business Today to Invest for Tomorrow

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With loan restrictions tightening and interest rates skyrocketing, securing money from banks, credit card companies, or private investors is near impossible. But it is the season for one source of funding: Home equity loan rates are falling and home equity lines of credit are slipping. As a real estate owner making monthly payments, you are building up equity in your property — money that could be used to invest elsewhere. Now, the only questions are how to pull it out and where to invest it.

How to Use the Equity in Your Home or Business Today to Invest for Tomorrow details the steps to increasing your equity and leveraging it to make it work for you. You will learn invaluable skills and options for investments, such as starting a business, investing in real estate, purchasing stock portfolios, renovating your home, and saving for educational expenses. Along with the benefits of investing equity, this book also addresses the problems you may face along the way and how to overcome the common mistakes.

This book is the ultimate resource for novices and pros alike. Equity in a home or business that is idly sitting does not make you money. With How to Use the Equity in Your Home or Business Today to Invest for Tomorrow, learn how to put it to use today and watch your wealth build.

Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president’s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

This Atlantic Publishing eBook was professionally written, edited, fact checked, proofed and designed. You receive exactly the same content as the print version of this book. Over the years our books have won dozens of book awards for content, cover design and interior design including the prestigious Benjamin Franklin award for excellence in publishing. We are proud of the high quality of our books and hope you will enjoy this eBook version.
This book is currently unavailable
268 printed pages
Publication year
2010
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Quotes

  • wilrol55has quoted7 years ago
    fixed-rate mortgage to a 30-year fixed-rate mortgage, you can use an amortization schedule calculator to find the result. Using the amortization calculator on BankRate.com (www.bankrate.com/calculators/mortgages/amortization-calculator.aspx), you would end up paying a total amount of interest of $209,263.35 at the end of a 30-year loan, while you would pay total interest of $92,683.63 at the end of a 15-year loan. You would save over $116,000 by having a 15-year mortgage rather than a 30-year mortgage ($209,263.35 - $92.683.63 =
  • wilrol55has quoted7 years ago
    Two of the main factors that play a role in the decision are what you are going to use the funds for and how you need to access the funds. When you have an immediate need for the funds, then it is typically better to use a home equity loan. With a home equity loan, there are closing costs involved in establishing it, and you receive the equity monies in a lump sum payment, but the interest rate is typically lower (1 to 2 percentage points) than a home equity line of credit.
  • wilrol55has quoted7 years ago
    more equity you have invested in the property. Is it always wise to put more money down and finance less to purchase or refinance a property, or is it better to use this cash for other purposes? It depends.
    Every financial situation is different. You have to take a long, hard look at all of your options and then educate yourself on the options available.

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