How to Build Home Equity

While it is possible to get into homeownership with little upfront investment, there can be many benefits to building up equity in a property. Mortgage equity is the value of the homeowner’s stake in a home. It is basically how much the home is worth minus how much is still owed on the mortgage. Having plenty of equity helps protect against foreclosure in case of financial hardship, it makes it easier to sell or refinance your home when the time comes, and it can be a source of emergency funding.  The good news is some of equity building happens without you having to lift a finge...

April 24th, 2019 | Home Equity, How to Build Home Equity

IDFPR, Division of Banking
Kerri Doll
Director
320 West Washington, 3rd Floor
Springfield, IL 62786
Phone:  888-473-4858

RDS Mortgage Corporation

Phone: 630-435-9100 | Fax: 815-531-0901
14722 S Naperville Rd, Unit 104, Plainfield, Illinois 60544
RDS is an Illinois Residential Mortgage Licensee #MB.6759848, NMLS# 205337

RDS Mortgage Corporation is a BBB Accredited Mortgage Broker in Plainfield, IL