Rapid 2021 appreciation left homeowners sitting on $50K-$200K+ in additional equity, making cash-out refinances one of the biggest opportunities I've seen. A current appraisal determines exactly how much equity you can access.
Equity Access
Methods:
- Cash-out refi (most common)
- HELOC (home equity line of credit)
- Home equity loan
Each has pros/cons.
Appraisal Role
Current appraisal determines equity available.
If home worth $750k with $300k mortgage, equity = $450k.
Appraisal supports refinancing decision.
2021 Trend
Equity access drove refi boom.
Low rates + home appreciation = perfect refi conditions.
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Home equity and refinancing? Appraisal determines your options. Contact me.