How to Use Your Equity to Buy Another Home (Step-By-Step)

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Have you ever wondered if you can use the equity in your current home to buy a second property, an investment property, or even your dream vacation home? 🤔

In this video, I’ll break down how to calculate your home equity, the different loan options to tap into it, and when to use each strategy. Learn how to leverage your home equity effectively and make the right moves toward expanding your real estate portfolio!

Timestamps:
00:00 Intro
01:10 What is Home Equity?
03:25 How to Build Equity Over Time
06:00 Four Ways to Access Your Home Equity
06:45 Option 1: Home Equity Loan (Fixed Loan)
09:00 Option 2: Home Equity Line of Credit (HELOC)
12:20 Option 3: Cash-Out Refinance
15:15 Option 4: Selling Your Home
16:40 Bonus: Bridge Loans for Buying a New Home
18:00 Smart Ways to Use Your Equity
18:50 Final Tips & Outro

Hashtags:
#HomeEquity #RealEstateTips #InvestmentProperty #MortgageExpert #SamSharpMortgage #HomeBuying #HELOC #CashOutRefinance #SecondHome #FinancialGoals

Whether you're a first-time homebuyer, a repeat buyer, looking for a vacation home, a Veteran or active military, or looking into real estate investing, I can assist you! Feel free to call me directly. I am happy to take your call and work with you on achieving your home buying goals. I'm located in the Chicago area, but service all 50 states.

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