Using the equity in your home to buy an investment property
As you pay down your home loan, and as your property’s value grows over time, the equity you have in your home – the part that you own compared to the part still ‘owned’ by the bank – increases.
This equity is a real asset.
It’s something you can put to work, and you don’t even have to sell your home to do so.
A popular strategy is to borrow against this equity and use the funds to purchase an investment property.
Over time, it’s a strategy that can be repeated.
When you can start and what you can achieve will depend on your personal circumstances, and it’s critical to get good advice.
To find out more about putting your home equity to work, call Shore Financial for an expert assessment of your options.