6 Creative Ways to Use Your Home Equity

One of the most valuable parts of being a homeowner is the financial power and freedom you get when you build equity. There are several ways to use home equity to your advantage, and in this post, we share some of the more creative ways you can use that equity to reach your financial goals.

1. Sell and use the profit to upgrade to a new home

If you’re ready for a new place, selling your current home after building up equity could help you get into the home of your dreams.

2. Refinance and get cash

If your current home could use a little love, consider a cash-out refinance. You can use the cash to remodel your kitchen, upgrade your bathroom, or make other big renovations that have the potential to add value to your home. You may even be able to afford an addition.

3. Refinance and pay down high-interest debt

Home equity can be particularly useful if you’re making a lot of monthly payments on high-interest debt. You can refinance or use a home equity loan to consolidate or pay down your debt and reduce the amount you’re paying in interest. In many cases, you can eliminate many monthly debt payments while keeping your mortgage payment close to the current amount.

4. Use a home equity loan to reach big goals

If you’ve dreamed of starting your own business or are looking for a way to help pay for your kids’ education, a home equity loan could help. It isn’t always the right financial move, but your Loan Officer can help you evaluate your goals and options to decide if it is right for you.

5. Get emergency funds

If things are tight, leveraging your home equity to get you through an emergency could give you the jump-start you need to get on your feet again.

6. Invest in other property

Home equity can also help you get the funds to invest in other property while you keep your current home. This is a great opportunity to use your equity to build more equity in the future.

Common tools for using home equity are refinances, home equity loans, and home equity lines of credit. Your Loan Originator can help you evaluate your options and find the solution that is right for your unique needs.

We’d love to help you reach your financial goals. Contact your local Security First Financial Loan Originator today to learn more about taking advantage of home equity.

*When it comes to refinancing your home loan, you can generally reduce your monthly payment amount; however, total finance charges may be higher over the life of your mortgage loan.

Original blog post by Primary Residential Mortgage, Inc.

30 views0 comments
  • Security First Financial Facebook
  • Security First Financial LinkedIn
  • Security First Financial YouTube
  • Security First Financial Instagram
  • Security First Financial Twitter

Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Florida - Florida Office of Financial Regulation MLD646. Texas - This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. 

Your opinion is greatly appreciated, we thank you for visiting this website of Primary Residential Mortgage, Inc. If you have specific questions, comments, concerns, or complaints we invite you to contact us by the email shown here: Emails received during business hours should receive a response within 48 hours, excluding weekends or holidays.

Primary Residential Mortgage, Inc. is licensed under the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking through one of the means indicated below: In Person or U.S mail: 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294, Telephone No. (877) 276-5554, Fax No: (512)475-1313 Email: Website:

Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential loan originator should complete and send a complaint form to the TX department of savings and mortgage lending, 2601 North Lamar Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery find must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at


©2021 Security First Financial, A Division of Primary Residential Mortgage, Inc. All rights reserved.

Security First Financial Logo