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How to Use Your Equity to Buy Another Home (Step-By-Step)

➡️Get Pre-Approved With Me & My Team: https://bit.ly/SharpConsultation ➡️Get Ready To Buy Your First Home With My FREE Comprehensive Homebuying Guide: https://bit.ly/SharpFTHB ➡️Improve Your Credit Score To Buy A Home Or Make A Large Purchase with my FREE Ebook: https://tinyurl.com/SharpenCredit ➡️Stay up to date on all things homebuying, real estate, and personal finance with my MONTHLY newsletter: https://bit.ly/SharpNews Have you ever wondered if you can use the equity in your current home to buy a second property, an investment property, or even your dream vacation home? 🤔 In this video, I’ll break down how to calculate your home equity, the different loan options to tap into it, and when to use each strategy. Learn how to leverage your home equity effectively and make the right moves toward expanding your real estate portfolio! Timestamps: 00:00 Intro 01:10 What is Home Equity? 03:25 How to Build Equity Over Time 06:00 Four Ways to Access Your Home Equity 06:45 Option 1: Home Equity Loan (Fixed Loan) 09:00 Option 2: Home Equity Line of Credit (HELOC) 12:20 Option 3: Cash-Out Refinance 15:15 Option 4: Selling Your Home 16:40 Bonus: Bridge Loans for Buying a New Home 18:00 Smart Ways to Use Your Equity 18:50 Final Tips & Outro Hashtags: #HomeEquity #RealEstateTips #InvestmentProperty #MortgageExpert #SamSharpMortgage #HomeBuying #HELOC #CashOutRefinance #SecondHome #FinancialGoals Whether you're a first-time homebuyer, a repeat buyer, looking for a vacation home, a Veteran or active military, or looking into real estate investing, I can assist you! Feel free to call me directly. I am happy to take your call and work with you on achieving your home buying goals. I'm located in the Chicago area, but service all 50 states. Don't forget to LIKE, SHARE, and 🔔 SUBSCRIBE NOW for more news and educational content on mortgages, real estate and all things home buying in Chicago, Illinois and nationwide 🔔 🔑 Sam Sharp - Your Key To Home Buying in Chicago 📞 Call: (312) 217-4030 📧 Email: [email protected] 🌐 Website: https://www.rate.com/samsharp Important Links: YouTube:    / @samsharp   Instagram:   / samsharpgr   TikTok:   / samsharpgr   Facebook:   / samsharpguaranteedrate   Zillow: https://zillow.com/lender-profile/SSh... LinkedIn: https://tinyurl.com/samsharplinkedin 📍 https://maps.app.goo.gl/TKw4mooapYTYf... The Best Mortgage Lender in Chicago, Illinois 🏆 🔑 Sam Sharp - Chicago’s Top Mortgage Lender: (312) 217-4030 | NMLS 224518 #mortgagelender #illinois #unitedstates #chicagorealestate #chicago #ChicagoIL #homebuyinginchicago #ChicagoLiving #valoans #bestmortgagelender #firsttimehomebuyer Legal Disclaimer: Equal Housing Lender | © Guaranteed Rate 2023 | NMLS ID 2611 | NMLS Consumer Access | Licensing Information AL - 75358, AR - 125131, AZ - 1001742, CA - CA-DBO224518, CO - 100515808, CT - LO-224518, DC - MLO224518, FL - LO62302, GA - 69230, IA - 22299, ID - MLO-2080224518, IL - 031.0011770, IN - 21980, KS - LO.0045488, KY - MC738913, LA - Licensed, MA - MLO224518, MD - 224518, ME - Licensed, MI - 224518, MN - MN-MLO-224518, MO - MO-224518, MT - 224518, NC - I-188124, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 66431, NY - Licensed, OH - MLO-OH.224518, OR - Licensed, PA - 70907, SC - MLO - 224518, TN - 185298, TX - Licensed, UT - 11710572, VA - MLO-44177VA, VT - VT224518, WA - MLO-224518, WI - 224518 Please Note : We care about your security and privacy, Please don't include identifying information like account numbers, birth dates and social security numbers in emails to us. Call us instead for secure email options or send the information by fax or regular US mail. CONFIDENTIALITY AND SECURITY NOTICE The contents of this message and any attachments may be privileged, confidential and proprietary and also may be covered by the Electronic Communications Privacy Act. If you are not an intended recipient, Please inform the sender of the transmission error and delete this message immediately without reading, disseminating, distributing or copying the contents. Guaranteed Rate makes no assurance that this e-mail and any attachments are free of viruses and other harmful code. Guaranteed Rate, Inc. has no affiliation with the US Department of Veteran Affairs. United Service Organizations, Inc. (USO) is a non-profit 501(ϲ)(3) organization (EIN/Tax ID: 13-1610451) and not part of the Department of Defense (DoD). All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording

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