Hi there,
I hope you’re doing well!
We are in the midst of the spring market in Chicago, which means that everyday my team and I are putting together creative transactions that benefit everyone involved – one of my favorite parts of real estate!
Since you purchased your home several years ago, I am excited to share with you that Chicago properties have seen an average of 21% appreciation since 2021. This is great news as this means you have added equity in your home!
Some of our clients are asking us how they can creatively use their equity even if they don’t want to move or sell their current home. One example we have given clients recently is a Home Equity Line of Credit (HELOC). As you may know, with a HELOC, you borrow against the equity in your home, usually with an interest-only payment. We have had clients use a HELOC to buy investment properties and/or second homes, and are thrilled with the outcome. Those who have purchased investment properties with their HELOC are making their appreciation work for them by owning income-generating properties.
If you would like to explore this opportunity further or strategize in general (one of my favorite things to do!), please let me know. I am happy to make an introduction to one of the lenders we work with frequently – we love our short list of lenders because they are all incredibly knowledgeable, creative and communicative.
I look forward to hearing from you and hope you’re well.
