Home Equity

Over the past five years, the median home value for the state of Washington increased from $421,388 to $603,837. That's an increase of 43%. As a result of this trend, many homeowners in Washington currently have a lot of equity that they could tap for other uses, such as home renovations, college tuitions, etc. The question is, what's the best option when it comes to converting equity into cash?'

If you've owned a home in Washington for several years or more, you might have significant equity by now. And you might be wondering how to convert some of that equity into cash. This can be done by using what's known as a cash-out refinance loan. But like all financing strategies, this one has certain pros and cons you need to know about. This guide explains the various pros and cons of using a cash-out refinance in the state of Washington. It will help you make an informed decision about whether it's right for you.'

Do you currently own a home? You’ve probably accumulated quite a bit of equity. Check out this infographic to find out how much home equity has grown over the past year.'

Being a homeowner can help you build wealth quickly, especially as home price appreciation continues to skyrocket across the US.'

Home equity is a leading factor in the housing market. Currently, homeowners today have more value in their homes than what they owe, which means homeownership has never looked better.'

Remodeling projects can be tricky if you don’t plan ahead. If you’re in the planning stages now, then you should check out these hot renovation tips and increase your home’s value while you’re at it.'