WHEN NOT TO TAP YOUR HOME EQUITY

18May 2018

WHEN NOT TO TAP YOUR HOME EQUITY

Take out home equity loans for expenses that will increase your net worth.Tapping into the equity of your home is only an advisable option in specific circumstances. You have worked hard to gain equity, so don’t tap into it unless it’s a necessity. Cash-out refinancing is on the rise yet again. In the second quarter of 2017, equity cashed out increased $1.2 billion from the first quarter. Experts believe the current upward trend is due to the higher home values of most American homes. Before tapping into your home equity line of credit, consider a few points.

It’s important to remember to value the increase in your home’s value, but not use the increase as a financial windfall. Receiving a home appraisal value higher than one expected can be surprising and exciting, but many homeowners put too much weight into high appraisal rates, not always understanding that the value is only on paper. Although appraisals are an accurate representation of your home value, it does not necessarily directly translate into home sale value. When a home is appraised at $350,000, the home sale amount may only end up being $325,000, depending on the current market.

Expenses to Avoid

Tapping into home equity is not a good idea for financial investments or business funding. Your home must be a solid investment of its own that you should not tap into unnecessarily. Here are a few examples of when you should not tap into home equity:

1. Wedding expenses
2. Vacation funding
3. Business funding
4. Investments or stocks
5. Vehicles
6. Luxury items
7. If you plan to sell your home soon

If you are considering taking out a home equity loan for expenses that will not increase your net worth, it is not advisable.

Advisable Expenses

Home equity loans should be an investment in the future. Never spend home equity money on items that will depreciate or are high risk. Consider a home equity loan if your purchase will appreciate or help your family in the long run. Examples include:

1. Educational expenses
2. Home improvement projects that add value to the home
3. Emergency medical bills
4. Buying rental property

The examples listed are all investments for your future financial situation. Debt consolidation is another option for tapping into home equity, although you should make this decision carefully. Talk with one of First Federal Bank’s financial representatives about interest rates and payments involved with the consolidation process. An expert opinion can help you to determine if the trade-off value is in your favor.

First Federal Bank Home Equity Loans

The employees here at First Federal Bank are locals, and we have the best interests of our clients at heart. If you are considering tapping into your home equity, please contact us. Our mortgage experts work with you to discuss the best options for your financial future, and never pressure customers into loans or mortgages that are not in their best interests. Our friendly professionals are here to help with all your financial needs, providing you with a partner for all your investment strategies.

Deciding which mortgage product is best for you will depend largely on your unique situation, and there is no one correct answer. Our mortgage experts work with you to discuss your best options for your financial future. Our friendly professionals are here to assist you with all your financial needs and provide you with a partner for all your investment strategies. We have your interest at heart while building a relationship that lasts.

2,527 Responses to WHEN NOT TO TAP YOUR HOME EQUITY
  1. tadalafil buy online – buy tadalafil 5mg cost tadalafil 10mg

  2. buy hydroxychloroquine 400mg generic – generic hydroxychloroquine 200mg hydroxychloroquine us

  3. stromectol pill price – ivermectin 12 mg tablets stromectol tablets 3 mg

  4. buy cephalexin 250mg for sale – buy cleocin purchase erythromycin

  5. buy sildenafil 50mg for sale – nolvadex 10mg us buy antabuse 500mg generic

  6. order generic budesonide – ceftin sale buy ceftin generic

  7. order careprost online – buy trazodone online cheap cost trazodone

  8. real viagra – brand name viagra ranitidine 150mg tablet

  9. buy cialis 5mg pills – buy cialis pills ivermectin goodrx

  10. brand cialis 10mg – ivermectin 6 mg tablet best ed pill for diabetics

  11. online casino gambling – buy prednisone 40mg online prednisone for sale

  12. order prednisone 10mg generic – isotretinoin online buy isotretinoin 10mg generic

  13. buy tadalafil 5mg pill – cialis online cialis from india

  14. ivermectin 6 – ivermectin tablets for humans purchase azithromycin online cheap

  15. azithromycin 250mg price – methylprednisolone uk methylprednisolone for sale online

  16. metformin drug – glucophage generic lipitor 20mg drug

  17. amlodipine 10mg tablet – lisinopril 5mg sale omeprazole over the counter

  18. buy lopressor 100mg for sale – buy cialis 5mg without prescription cheap cialis for sale

  19. how much is cialis – viagra next day delivery oral sildenafil

  20. cost of ivermectin 1% cream – ivermectin pills human stromectol generic name

  21. order clomiphene generic – clomiphene 50mg usa cetirizine online order

  22. buy desloratadine 5mg – buy loratadine 10mg pills aristocort price

  23. order generic cytotec – buy prednisolone 10mg buy levothyroxine without prescription

  24. cost sildenafil 150mg – viagra pills 200mg order gabapentin 800mg pill

  25. diltiazem 180mg oral – buy zyloprim zovirax without prescription

  26. hydroxyzine 25mg pills – order crestor rosuvastatin 10mg cheap

  27. cheap sildenafil generic – sildenafil over counter cyclobenzaprine drug

  28. order viagra 100mg – order cialis online cheap over the counter cialis

  29. cheap toradol – baclofen 10mg pills lioresal medication

  30. colchicine for sale – strattera 10mg cost buy strattera 10mg

  31. sildenafil 25mg for sale – purchase viagra pills plavix 150mg pill

  32. cheap viagra without prescription – plavix 150mg oral order clopidogrel 150mg generic

  33. real viagra pharmacy prescription – order sildenafil 100mg for sale viagra 150mg sale

  34. order cialis 5mg online cheap – cialis discount tadalafil 20mg brand

  35. buy provigil for sale – new ed pills best ed medications

  36. isotretinoin 20mg without prescription – azithromycin 500mg brand zithromax 250mg ca

  37. lasix pills – sildenafil mail order usa sildenafil 100mg for sale

  38. usa pharmacy cialis – coumadin 2mg cheap buy coumadin 5mg generic

  39. buy topamax pills – cheap topiramate 100mg buy sumatriptan 25mg pills

  40. buy generic dutasteride – dutasteride cost order tadalafil 10mg pills

  41. 50mg viagra – viagra 150mg sale is cialis generic

  42. best ed pills at gnc – prednisone over the counter buy prednisone 5mg online cheap

  43. isotretinoin 10mg pill – amoxil 250mg usa cheap amoxil 250mg

  44. buy furosemide 100mg online – azithromycin tablet order zithromax 250mg pill

  45. doxycycline online order – order doxycycline 100mg sale aralen canada

  46. cost cialis 5mg – Cialis by mail cheap sildenafil

  47. buy provigil 200mg pill – provigil 200mg without prescription sildenafil 100mg brand

  48. ed pills otc – order prednisone prednisone 5mg us

  49. order flomax 0.4mg online – buy tamsulosin 0.4mg generic buy aldactone online cheap

  50. cheap zocor – zocor uk buy essay paper

  51. parx casino online – buying a research paper college paper help

  52. free casino games – online gambling casinos ampicillin price

  53. ciprofloxacin 500mg us – tadalafil 20mg ca cialis 5mg generic

  54. buy sildenafil 50mg generic – order sildenafil 150mg for sale generic vardenafil coupon

  55. prednisolone order online – order gabapentin 800mg online cialis 20 mg price

  56. order augmentin 375mg – brand augmentin cialis generic

  57. buy bactrim 480mg pills – sildenafil pills viagra tablet

  58. buy cephalexin without prescription – oral erythromycin erythromycin price

  59. order fildena generic – buy sildenafil 50mg generic ivermectin uk

  60. modafinil for sale order provigil 100mg for sale purchase modafinil online cheap

  61. rhinocort online – rhinocort pills buy antabuse 250mg pills

  62. order provigil online cheap buy modafinil 200mg pills order modafinil 100mg without prescription

  63. order modafinil pills buy modafinil 200mg online buy modafinil 100mg pill

  64. order generic provigil order generic provigil 100mg buy modafinil 200mg

  65. oral ampicillin 500mg – cialis 10mg sale cheap generic tadalafil

  66. modafinil generic buy provigil online order provigil pill

  67. amoxicillin 250mg tablet – vardenafil usa vardenafil for sale online

  68. ivermectin 12 mg tablets for humans – ivermectin 6 mg for humans for sale levitra 20mg without prescription

  69. order doxycycline 200mg for sale – purchase clomid for sale buy generic tadalafil 40mg

  70. cialis 20mg pill – provigil usa buy modafinil 100mg sale

  71. prednisone for sale online – medications for ed isotretinoin pills

  72. amoxicillin 500mg oral – sildenafil 150mg price order viagra 50mg online cheap

  73. erythromycin ophthalmic ointment for pink eye https://erythromycin1m.com/#

  74. buy prednisolone 20mg pill – buy prednisolone 20mg pill brand name viagra

  75. order lasix 100mg – ivermectin 3 mg over the counter ivermectin 0.5 lotion india

  76. hydroxychloroquine price – buy hydroxychloroquine 400mg generic cost baricitinib 4mg

  77. buy metformin 500mg online – buy norvasc 5mg online cheap amlodipine 5mg pill

  78. purchase lisinopril online – order generic omeprazole buy atenolol 50mg for sale

  79. order generic vardenafil – order lyrica 150mg online clomid canada

  80. order ventolin 2mg online cheap – paper writer order dapoxetine 30mg generic

  81. asthma inhalers ventolin hfa 90 mcg inhaler dosage

  82. synthroid 100mcg brand – order plaquenil hydroxychloroquine for sale online

  83. purchase cialis online cheap – sildenafil overnight sildenafil 25mg price

  84. ventolin inhaler price combivent respimat video how often can i take ventolin how long does it take for ventolin to work

  85. asthma inhaler ventolin albuterol 90 mcg difference between advair and ventolin where to buy albuterol for nebulizer

  86. order prednisone 40mg without prescription – prednisone 10mg tablet oral amoxicillin 500mg

  87. viagra shop buy generic 100mg viagra online

  88. order diltiazem 180mg pill – gabapentin 800mg usa order gabapentin 600mg generic

  89. viagra amazon viagra from canada

  90. brand lasix 100mg – buy acyclovir 800mg generic doxycycline 100mg over the counter

  91. viagra in india cialis without a doctor prescription usa buying viagra without a prescription how to spot fake kamagra

  92. kamagra uten resept order kamagra online australia best place to buy kamagra forum how long does kamagra oral jelly last

  93. sildenafil 150mg – sildenafil pills order tadalafil 10mg pills

  94. prednisone purchase canada prednisone brand name

  95. kamagra gold review super kamagra online kamagra oral jelly 100mg deutschland how to open kamagra jelly snap pack

  96. where can i buy amoxicillin over the counter amoxicillin capsules 250mg

  97. canadian viagra cheap cialis otc viagra in australia over the counter what will viagra do to a woman

  98. zithromax capsules 250mg purchase zithromax online

  99. viagra tablets online http://bluethshop.com cheap viagra in london

  100. order modafinil 200mg sale – men’s ed pills purchase rhinocort generic

  101. where can i buy clomid online canada cheap clomid tablets uk

  102. zithromax online paypal zithromax pill

  103. doxycycline order uk doxycycline generic cost

  104. isotretinoin 10mg without prescription – order accutane 10mg without prescription tetracycline 500mg over the counter

  105. order flexeril 15mg sale – cost inderal order inderal pills

  106. purchase cialis canada revatio vs viagra does viagra make u last longer where to get viagra in australia

  107. best generic propecia how to get propecia in us cheapest way to get propecia how long did your propecia sides lats?

  108. where to buy metformin tablets where to buy metformin tablets

  109. metformin online no prescription metformin price

  110. https://buytadalafil.men/# tadalafil 20mg no prescription

  111. clopidogrel tablet – brand plavix 75mg reglan 10mg uk

  112. soolantra krem ivermectina efectos secundarios

  113. buy prescription drugs online prescription drugs online

  114. viagra generique prix viagra origine acheter viagra sans ordonnance forum viagra ou priligy

  115. best non prescription ed pills mens ed pills

  116. buy cozaar 50mg generic – order topiramate sale phenergan tablet

  117. Pingback: 2co-operative
  118. furosemide 20 mg for dog http://furosemide.directory alternative to lasix diuretic

  119. neurontin cost australia generic gabapentin

  120. free caesars slot no download
    san manuel casino online
    slots online free games

  121. buy levaquin 250mg generic – order levaquin pills cialis 10mg cheap

  122. australian viagra cialis 40 mg online australia generic cialis professional 20 mg what is generic viagra

  123. kamagra apres ejaculation kamagra en ligne livraison express kamagra en ligne livraison rapide comment utiliser kamagra 50 mg

  124. diabetes medications list alphabetical https://invokana.beauty/ invokana class action lawsuit

  125. Фильмы Новинки смотреть онлайн..

    Кино смотреть бесплатно онлайн в хорошем качестве.
    Смотреть сериалы онлайн в хорошем качестве.

  126. real cialis pharmacy prescription – flomax tablet buy generic tamsulosin

  127. real vegas slots
    free slots hollywood
    free sizzling 7 slots