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Considering a Cash-Out? Now is a Great Time as Equity Skyrockets!
Record home price appreciation in the last few years has pushed tappable home equity to new heights! According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion increase in tappable equity—a record. With record high tappable home equity, now is a great time to consider a cash out refinance to fund those projects or repairs around the house, start an addition, consolidate high interest debts, or whatever you need the extra cash for. The report from Black Knight also sheds light on the fact that the aggregate total of $9.4 trillion is up an astonishing 32{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the…