IK Financial Metarials

Home Equity For Your Advantage🏡

Homeownership has proven itself to be a good stable investment over time and one from which many Canadians are profiting. While many people have chosen to purchase their first home during the time of lower interest rates, there has also been a large movement to refinance home loans and pull out equity for various needs.
What is “Home Equity”?
It is the difference between the value of your home and how much you owe on your current mortgage. Your Home Equity goes up in two ways:

🔹You pay down your mortgage.
🔹The value of your home increases.
Build up your Home Equity by buying your home today. In the future, it may open up other opportunities such as purchasing more real estate, home improvements, other types of investments, etc. 
Speak with our Mortgage Agents by visiting ikfinancial.com. Inna and Katerina will evaluate and develop a strategy that will benefit you in the long run.