Why do we need to have an equity analysis?

  1. Refinance- Lower monthly payments, remove mortgage insurance, or cash out for many reasons like schooling.

  2. Renovations, Repairs Remodel, Rehab- Equity can be used to tackle some things that you have put off.

  3. Adding to your portfolio- Investment opportunities will present themselves and what better way to have your money make more money.

  4. Pre-Approval- If you are looking to upgrade or downsize you will need to know your current equity to see what your proceeds are when selling your house.

  5. Insurance check up- Mainly for your home insurance but also life insurance. Do you have enough coverage in case of a catastrophic loss?