May 23, 2019

What To Do With Your Equity

Have you owned your home for 5 years or more? If so, you could be sitting on a decent amount of equity. And you might be asking yourself, “what should I do with this equity?”  Maybe the right answer is nothing, just continue to increase your equity by paying down your loan. That’s a fine choice for many and certainly a responsible one. On the other hand, you might be thinking you’d like to do some updates on your house, or maybe you have some debt you’d like to pay down. With home values as high as they are, it’s not a bad idea to consider using the equity in your home for something else.

Home Updates

Home values are at an all-time high, so maybe the idea of updating your home seems unnecessary. However, home values might go down, and if they do, you won’t be able to get the same amount of equity in the future, that you can now. High ticket items like kitchens and bathrooms show a great return on investment. Further, other higher priced items such as roofs, HVAC units, and windows can also be items that future home owners will appreciate, should you look to sell your house in the future.

Pay Down Debt

Many people are taking this opportunity to refinance their existing home loan, take out cash from their equity, and pay off other debt. If you’re not sure if this is right for you, feel free to reach out to us today so we can help. It’s not always the right thing to do for everyone. A lot of factors will be taken into account and it isn’t always straight forward.


The Denver market is one of the hottest in the country right now. It’s still a seller’s market and rent has sky-rocketed all over the metro area. It may be a good time for you to refinance your mortgage and take the cash out to use toward home improvements or to eliminate debt. The only way to know is to give us a call so we can take a look at your specific situation.


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