Real Estate Tips from Bob Rich-Using Your Home Equity

For most consumers, their home is the biggest investment they will make in their lifetime, and in some instances, it can also be the greatest source of new investment opportunities.

In today's market, many owners are looking to home equity loans to pull cash from the built up equity through years of appreciation. Many lenders are offering these loans at very favorable interest rates with little or no fees, and the money from the loan, at least up to $100,00o over the original purchase price of the home, can be used as a tax deductible expense.

Many owners today are using the money to remodel their homes, buy other well priced properties in today's market or to consolidate other bills that are no longer tax deductible under the guidelines of the Tax Reform Act. Many owners are finding untapped equity is as good as cash, thus making the equity loan one of the most popular tools available to owners of real estate.

Visit The Rich Company's website for a investment properties in Washington, North Carolina.