The average homeowner now has $185,000 in tappable equity in their home, so should you cash out refinance to buy another property in this housing market? What should you consider when becoming an investor and buying investment property? How much does it cost to do a cash out refi? In this video, we discuss the things you need to consider when thinking about pulling cash out of your home to invest in real estate.
⏩Watch this NEXT ⏩ Mortgage 101 – https://youtu.be/vAq_Gz1aCHY
✅ – Get a Referral to a Mortgage Lender or Realtor – http://www.jebsmith.net/referral
🏠 – First Time Home Buyer Course – http://www.becominghomewise.com
The amount of tappable equity (equity above the 20% usually required by lenders) grew by $2.6 Trillion last year to a record total of $9.9 Trillion.
About 42% of homeowners were considered equity rich at the end of 2021.
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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