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How to use your home equity responsibly

Mediafeed Logo By Crissinda Ponder of Mediafeed | Slide 1 of 12:  Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners. One of the many perks of homeownership is seeing a boost in your home’s value when the housing market is performing in your favor. Not only can you increase your profit once you sell your home, but you have an appreciating asset that allows you to leverage equity as needed.With a solid plan in place to use your home equity wisely, you could complete a number of important projects without impeding your long-term financial goals.

Leveraging your equity

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

One of the many perks of homeownership is seeing a boost in your home’s value when the housing market is performing in your favor. Not only can you increase your profit once you sell your home, but you have an appreciating asset that allows you to leverage equity as needed.

With a solid plan in place to use your home equity wisely, you could complete a number of important projects without impeding your long-term financial goals.

© Chainarong Prasertthai/ iStock
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