What
is Equity?
Your
home equity is the difference between the value of your home and
the mortgage secured against it. If your home is worth $400,000
and you owe $200,000, you will have $200,000 worth of equity in
the property. How you choose to use is completely up to you. In
the past, homeowners would do nothing with the equity. Today,
homeowners are much more educated using the equity to improve
their overall lifestyle.
We’ll
pay $200 towards your appraisal
When
refinancing your home, all lenders require a property appraisal
which can cost anywhere from $175 - $350. Once your loan is complete,
a $200 cash credit will be added or deducted from your closing
costs.
Free
property profile report
Anytime
your home is in the process of switching lenders, being sold,
being bought or being refinanced, a property report is needed
to establish a complete loan package. A property profile report
is required to determine the basic information on your property.
This report can cost anywhere between $175 - $225 and you get
your Free right here at www.EnjoyyourEquity.com.
Free
credit report
All mortgage brokers, banks and loan centers charge a credit report
fee that cost anywhere between $22 - $46. Once your loan in closed
and complete, a $26 cash credit will be added or deducted from
your closing costs.
