Unlocking Your House Equity

there's money in your house

THE VALUE IS THERE

You know your house is worth a lot but how can you get that value turned into cash? There are several ways to free up your equity so you can put it to immediate use.

IS A SECOND MORTGAGE RIGHT FOR YOU?

If you just need a small amount then a second mortgage may help you get to your money at a reasonable interest rate. You'll be paying the equity back into the house but get to use the proceeds in the meanwhile.

This option may not work if you all ready have a large loan in place.

If your credit score is low this may not be an option either.

DO YOU WANT TO BE A LANDLORD?

You could lease or rent the house to get some monthly cash flow. The problem with this is finding good renters and keeping them happy. You'll need to keep the house repaired,collect rents, evict the non-paying tenants and do considerable restoration between each renter. If this sounds like a lot of work that you do not have the time to do then this may not be your best choice either.

SELLING THE HOUSE TO GET YOUR EQUITY

The typical sale strategy

Another way would be to sell the house. Once you pay off any loans on the property you get to pocket the rest. The big drawback here is that you'll have to wait for someone to pay cash(rare) or get approved for financing. If your home is not in good condition you may even have to do the repairs before anyone can get a loan.

Two new alternative ways to sell

Here's a new way to get to your equity out. If you still have a big balance on your mortgage then allowing your buyer to make your payments may help. You can get a down payment for the cash you need right away and get the rest in monthly payments. This works good right now because a lot of people are finding it hard to get a new loan.

If you own your home free and clear or have only a small loan balance you may consider financing the sale yourself. You will get a mortgage so your funds are still secure. You can control the terms of the loan to suit your needs and still allow your buyer to get what they need. It's really not that complicated and the title company can create the necessary paperwork for you.

We can make selling easier

If you are like many people selling a house is a bigger job than you want to do by yourself. Working with a firm that already understands the strategies and the process may make sense for you.

If you would like to talk with someone about selling your house for quick cash you can call 317-429-1540. It's a FREE RECORDED MESSAGE available anytime 24 hours a day. You may also visit www.BargainHouseMarket.com and fill out a info sheet to get 3 offers on your house.

Focusing on the south Indy area including Indianapolis south of I70, Beech Grove, Southport, Homecroft, Greenwood, Wanamaker and Acton.

We buy houses in the following Indiana ZIp codes: 46201,46203,46227,46237,46217,46205,46107,46218, 46142,46143.