Los Angeles Home Values Are Going Up
Have you checked out your home value on Zillow.com lately. You may be in for a shock. Some homes are up 10% or more in just the last six months. For a $500,000, home that can mean $50,000 of new equity. That increase has many ramifications:
- You may no longer be upside down in your home value compared to loan amount
- You may be in a position to sell with enough equity to buy something else
- You may be able to use your home equity as an investment vehicle for income property
- You may be able to afford the home improvement or remodel you've been putting off.
We are making lots of loans right now. Give me a call if I can be of help with a new mortgage.