Leverage Your Home’s Value To Get Ahead
Your home isn’t just where you live—it’s your financial superpower! Discover how to unlock your home’s hidden value and turn it into opportunities for debt consolidation, renovations or your next big dream.
Your home’s value is more than a number—it’s a powerful borrowing tool. Not only does it unlock lower-rate financing options, it can also help you maintain financial flexibility through any market condition. Here’s how to use this asset to your advantage.
Tap into your home’s equity.
As you start making mortgage payments, you also accrue equity. Use this equity to secure financing in the form of a home equity loan, home equity line of credit (HELOC) or cash-out refinance.
These are excellent options for debt consolidation, improving cash flow or paying for things like renovations and education expenses.
Home equity loan
Home equity line of credit (HELOC)
Cash-out finance
Secure better terms for your mortgage.
Understanding your home’s value helps you make smart refinancing decisions.
Once you’ve built at least 20% equity, you can eliminate private mortgage insurance (PMI) payments.
Higher equity can also help you qualify for more favorable loran terms, such as a lower interest rate.
These strategies give you the opportunity to save money on monthly payments or even pay off your mortgage quicker.
Take a stronger position when selling.
Knowing your home’s true value gives you the upper hand when negotiating with buyers, agents and lenders.
These options are worth considering:
Invest in renovations that boost your home’s value.
Be more selective about offers and timing.
Utilize the equity you’ve built to make a substantial down payment on your next property.
How do I find my home’s value?
Getting an estimate is quick and easy. All you need is the Mountain America app or online banking. Look for our free My Home Value tool. It includes an estimate of your home’s worth with more precise numbers than real estate websites.
Here’s how to access the tool:
Log in to the mobile app or online banking.
Navigate to Financial Health in the main menu.
Select My Home Value.
Log in to online banking or download the app to get started.
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