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 Credit cards piling up? You might even be thinking: How can I ever get out from under this financial load? However, did you know that the equity in your home could help you become debt free?
Over time, your home has increased in value. Through your diligence, your regular financial payments have reduced the amount you owe on the property. The difference between your home's market value and the amount outstanding on your mortgage is your home EQUITY.
This valuable asset can be used to finance the purchase of another home, as collateral for a home improvement loan, or as a tool to become debt free. In fact, the Lawless Home Team has recommended the following debt-free strategy to many individuals, just like yourself:
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Sell your existing home. Your home has likely risen in price since the purchase a few years ago. |
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Pay off your debts. From the proceeds of the sale, you'll likely have sufficient funds to pay off your bills. |
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Buy another home. With as little as 5% down, you can purchase a new home. You could also purchase a home with an assumable mortgage. You pay the cash already paid toward the mortgage and assume the payments. |
Becoming debt free could be easier than you think. Contact the Lawless Home Team today, for your FREE evaluation. The Team will work the numbers for you, make some suggestions and even assist you in the sale of your existing home and the purchase of a new one. As a client, you'll have full access to all the services of his website, including being among the first to obtain information on new homes as they come onto the market. Call the Lawless Home Team now (780) 966-6997, or (780) 444-2844.
 How to be mortgage free in 10 years or less.
Debt Reduction Ideas
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