http://www.velocityfinance.com/home-loans/home-equity.html Home equity carries incredible investment and lifestyle potential. But it is potential, and the benefits of home equity will only come when you use it wisely. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 For the fiscal year ending September 30, 2004, home prices rose throughout the United States an average of 12.97%.That means a home purchased September 30, 2003 for $300,000 was worth - on average - $338,910 a year later, and that difference is entirelyhome equity for the home buyer. Almost $40,000 - not too shabby for doing absolutely nothing but sitting around owning your own home. So you have home equity - what next? The home equity houses are simply accumulating today at incredible rates can be used to your advantage when you sell your home or right now: home equity is the difference between the value of your home and how much left you have in mortgage obligations - if you own the house outright and you decide to sell you will get the entire value of the home. Increasing home prices means you will actually make money off your home investment, and when appreciation rates are at such high levels owning a home is equivalent to a full time income! Or, you can take that increased home value and put it to good use with home equity loans - second mortgages where you can use the money for absolutely anything. While the money from a home equity loan or home equity line of credit is absolutely yours to spend as you choose, there are better ways to spend your home equity, and some ways that will be simply a waste. Avoid wasting your home equity As with all home loans, if you expect to succeed you have to be constantly working at your financial obligations, and you have to consider the entire situation before you take out any loan. Buying a home you cannot afford just because you qualify isn't a good idea, and neither is taking out a home improvement loan just because equity is there. At VelocityFinance we have a rule with home equity finance that always works - your home equity loans must either make you money, or save you money. Sat, 26 Jul 2008 15:00:00 EDT http://www.velocityfinance.com/home-loans/home-equity-line-of-credit.html A home equity line of credit allows you more flexibility in your spending. But a home equity line of credit is not for everyone, and in fact can prove dangerous to your financial well being. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.velocityfinance.com/home-loans/home-equity-loans.html Home equity loans are beneficial tools and a great means to bring extra Velocity to your finances. You can make things happen with home equity loans - but you've got to be careful with where you spend. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.velocityfinance.com/home-loans/home-equity-loan.html Home equity loan success begins with your excitement and financial momentum. Keep up the Velocity and that home equity loan will be nothing but helpful to your cause. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0