If you own a home in the Denver Metro Area you have likely seen 5-12% appreciation in your property value year over year since 2013. What does that mean? Well, if you bought your home 4 years ago for $200,000.00 your home could be worth nearly $300,000, depending on your neighborhood's appreciation rates. While you may be comfortable simply sitting on this increase, there are several ways to improve your financial portfolio utilizing your equity.
- Refinance to Eliminate PMI: If you currently have a FHA loan you can use the equity in your home to allow you to refinance to reduce or eliminate your monthly mortgage insurance. Then you can enjoy a lower payment each month, giving you more funds to do with what you wish.
- Home Improvements: Projects