{"id":2584,"date":"2021-01-12T10:26:53","date_gmt":"2021-01-12T14:26:53","guid":{"rendered":"https:\/\/www.beingbobblog.com\/?p=2584"},"modified":"2021-01-12T10:26:55","modified_gmt":"2021-01-12T14:26:55","slug":"ways-to-build-more-equity-in-your-home","status":"publish","type":"post","link":"https:\/\/beingbobblog.com\/happy-holidays\/ways-to-build-more-equity-in-your-home\/","title":{"rendered":"Ways to Build More Equity in Your Home"},"content":{"rendered":"\n<div class=\"wp-block-image is-style-default\"><figure class=\"alignleft\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/content.outboundengine.com\/uploads\/original\/74185\/nvatzapUYYElynDXUmLKLSw42FSfClpdHyOtJpPVr7I.jpg?w=640&#038;ssl=1\" alt=\"article-content\"\/><\/figure><\/div>\n\n\n\n<p>Equity \u00e2\u20ac\u201d or the share of your property you actually own \u00e2\u20ac\u201d is a benefit to any homeowner. For one, it means more profits when it\u2019s time to sell. On top of that, it can also give you cash when you need it \u00e2\u20ac\u201d either through a refinance or home equity loan.&nbsp;<\/p>\n\n\n\n<p>Fortunately, building equity can be easy. Every month you increase your home equity by making your mortgage payment.&nbsp;<\/p>\n\n\n\n<p>If you want to build your equity even further, there are several ways to do it, including:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Buying in an up-and-coming market.<\/strong> If home values in your neighborhood start to rise, so will your property value. That can mean more equity, too.<br \/><\/li><li><strong>Increasing your down payment.<\/strong> The more you put down, the less your lender will need to loan you, and the larger your equity stake will be.<br \/><\/li><li><strong>Paying more on your mortgage.<\/strong> Putting extra toward your mortgage loan \u00e2\u20ac\u201d either each month or a few times a year \u00e2\u20ac\u201d can help you pay down your balance and increase your share. Consider putting your annual tax refund toward your loan to really make a dent.<br \/><\/li><li><strong>Renovating your home.<\/strong> Anything that improves your home\u2019s value also increases your equity. Choose your projects wisely, and reach out if you need some help getting started.<br \/><\/li><li><strong>Refinancing your loan.<\/strong> With a short-term loan, like a 15-year, you can pay down your balance faster (and sometimes get a lower rate as well). This can help you build equity more quickly.<\/li><\/ul>\n\n\n\n<p>Do you have questions about home equity? Or are you planning to buy or sell property this year? <a href=\"http:\/\/BobKratz.HowardHanna.com\" data-type=\"URL\" data-id=\"http:\/\/BobKratz.HowardHanna.com\">Reach out today.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equity \u00e2\u20ac\u201d or the share of your property you actually<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,976,13,6,9],"tags":[],"class_list":["post-2584","post","type-post","status-publish","format-standard","hentry","category-all-posts-comments","category-life","category-listings","category-real-estate","category-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","chromenews-featured":"","chromenews-large":"","chromenews-medium":""},"author_info":{"display_name":"Being BOB","author_link":"https:\/\/beingbobblog.com\/happy-holidays\/author\/admin\/"},"category_info":"<a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/all-posts-comments\/\" rel=\"category tag\">All Posts &amp; Comments<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/life\/\" rel=\"category tag\">Life<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/real-estate\/listings\/\" rel=\"category tag\">Listings<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/real-estate\/\" rel=\"category tag\">Real Estate<\/a> <a href=\"https:\/\/beingbobblog.com\/happy-holidays\/category\/technology\/\" rel=\"category tag\">Technology<\/a>","tag_info":"Technology","comment_count":"0","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p822aG-FG","_links":{"self":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/posts\/2584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/comments?post=2584"}],"version-history":[{"count":0,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/posts\/2584\/revisions"}],"wp:attachment":[{"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/media?parent=2584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/categories?post=2584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beingbobblog.com\/happy-holidays\/wp-json\/wp\/v2\/tags?post=2584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}