9/14/17 (CT) Over the past couple months I have noticed an increase in advertisements for Home Equity Loans and refinancing n Southern Connecticut. This may be indicative of increased confidence in appraised property values by lenders and investors.
While one can not say for certain what the future holds, since 2012 the Carr Value Shelf has maintained a position that the base FHFA-HPI index of 173-178 is a unique indicator of value to Connecticut, locally, and in relation to broader national markets. Connecticut trails the nation in house price value recovery, and is rated "undervalued" in September 2017 by Core Logic (a data analytic company).
Regarding home equity loans, I do not endorse using your real estate equity as a CAM (cash access method). If you have equity in your home consider investing in property that will provide income and tax advantages over time. The person, family or organization who operates within their means and invests 10% of their income will be rewarded with future financial security.
People who have debt must invest an additional 10% of their income in debt retirement to avoid the ling term consequences of interest payment servitude. This means a person who makes $60,000 gross, taking home $48,000 after taxes should strongly seek to do *whatever it takes* to invest $4800/year in their future, and $4800/year in resolving debt to assure a secure financial future.
Let me help you by offering this plan for financial independence now, so you can live a better life in five years
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