If you’ve had your mind on a new venture—perhaps a startup business idea or an unrealized dream, such as returning to college—what’s holding you back?
Did you say the funds? That’s often what’s missing for many people.
Maybe you’ve thought about the possibility of doing something great like that, but the money just isn’t there.
Refinancing your home isn’t for everyone, but it can be an option for those with their eye on something practical like a way to add to their earning potential or to increase their income.
A general rule of thumb is to only refinance your home if you have at least 20% equity stored up in the value of your property. There are exceptions (as there always are), but for our purposes, let’s consider that you have 25% equity in your home when you decide to refinance. Think about it. With numbers like that, the impossible suddenly enters the realm of the possible.
Taking all of your equity may not be necessary, but imagine the untapped potential just resting there. It could be the answer to finding your passion and fueling your dreams! It’s waiting for you, what are you waiting for?
It’s true that refinancing is one of those things that can immediately strike fear into the hearts of the uninitiated. But if you’ve bought a home before, you already know the steps to doing it—and this time it’s easier than the bigger process of buying a home, which often involves selling another property and moving, which also means moving trucks and packing up all your possessions.
Measured against that, refinancing is a breezy walk along the beach.
A quick call to a loan officer—such as one that you’d find at your nearest, friendly Academy Mortgage branch—is all it takes to get started. We can walk you through the process and get you that much closer to seeing the passion that drives you get the boost it needs, in the directions you want to take it. Your dreams are waiting. Don’t make them wait any longer!