You know that equity in your own home can, if used properly, trigger an explosion of wealth, and you don’t even need to sell it to use the equity in your home. In fact, that’s the worst thing you can do, since the cornerstone of building financial independence is holding on to wealth-generating assets.
But how exactly do you get at the equity without selling your home?
The first step is to find out how much equity you have in your property. The amount of equity you have in a property is dependent on two things.
The first is the amount of any outstanding loans. This is something you can find out by looking at your latest home loan or mortgage statement, though for the most accurate figure it’s best to give them a call.
The other factor that determines the level of equity is how much your property is worth. This is slightly more complicated to work out, but you can get a quick, free and reasonably accurate figure in a number of ways.
Go to this website to view our FREE advanced property investment video series,
this will get you on the right path for financial freedom: