Home prices have skyrocketed since the beginning of the pandemic and continue to increase across the US.
Meanwhile, material shortages continue toinflatethe price of new construction.
But there have been winners, too.
TAX SOFTWARE DEALS OF THE WEEK
Below are a few ways to harness your home equity.
The number of peoplerefinancingsurged during the pandemic, according to Freddie Mac.
Still, rates are historically low and Freddie Macanticipates $1.2 trillionin refinance activity this year.
So If you haven’t looked at your interest rate recently, stop reading anddo it now.
Negotiable items might include lower fees, mortgage point prices and the fixed interest rate.
A knowledgeable mortgage broker should be able to help you weigh the pros and cons of each.
Sell your house
The most obvious way to tap into your home equity is to sell.
