LEADING THE WAY. WELCOME BACK. IT바카라 게임 웹사이트�S MONEY MONDAY WITH INTEREST RATES STAYING HIGH. MANY HOMEOWNERS ARE CHOOSING TO HOLD ON TO THEIR HOLMES. HOME EQUITY HAS RISEN SHARPLY SINCE THE PANDEMIC, GIVING HOMEOWNERS FINANCIAL FLEXIBILITY. HERE TO TALK MORE ABOUT IT IS ANN DAVIS OF FIRST FINANCIAL BANK. AND THANKS SO MUCH FOR JOINING US. THANK YOU FOR HAVING ME. OKAY. THIS IS A TOPIC THAT HAS JUST BEEN GOING ROUND AND ROUND, HONESTLY, FOR THE LAST 2 TO 3 YEARS, JUST SO WE바카라 게임 웹사이트�RE ALL CLEAR ON THIS, WHAT DO WE MEAN WHEN WE SAY HOME EQUITY? HOME EQUITY IS JUST THE VALUE OF YOUR HOME MINUS WHATEVER YOU OWE ON IT. SO FOR EXAMPLE, IF YOU OWE 100, IF YOU HAVE A HOUSE THAT바카라 게임 웹사이트�S WORTH $100,000 AND YOU OWE 80,000, YOU HAVE $20,000 IN EQUITY. SO THAT바카라 게임 웹사이트�S THAT바카라 게임 웹사이트�S A SIMPLE EXPLANATION FOR IT. AND A LOT OF PEOPLE WANT TO KNOW WITH PRICES GOING UP IN RECENT YEARS, DOES THAT MEAN THAT YOUR HOME EQUITY AUTOMATICALLY GOES UP, NOT NECESSARILY. A LOT GOES INTO IT, BUT YES, FOR THE MOST PART, RIGHT NOW IN THIS ECONOMY, A LOT OF THE PRICES ARE GOING UP ON HOMES. BUT THINGS THAT CONTRIBUTE TO IT ARE THE CONDITION OF THE HOME. IF YOU바카라 게임 웹사이트�VE DONE HOME IMPROVEMENTS OR REMODELING THOSE TYPES OF THINGS, THE AREA IN WHICH YOU LIVE IN, LIKE RURAL VERSUS A BIG CITY, COASTAL IS WAY UP. YOU KNOW, AROUND HERE IT바카라 게임 웹사이트�S ABOUT 4%. PRICES ARE GOING UP. SO THAT바카라 게임 웹사이트�S KIND OF A GENERAL RULE THAT YOU COULD ANTICIPATE. THAT바카라 게임 웹사이트�S BECAUSE, YOU KNOW, WHAT CAN YOU DO AS A HOMEOWNER TO GET AS MUCH AS POSSIBLE FROM HOME EQUITY LINE OF CREDIT, OR MAYBE A LOAN? YEAH. SO THE SO TO TO ACCESS THE EQUITY IN YOUR HOME, YOU CAN EITHER DO THE LINE OF CREDIT OR YOU COULD DO THE LOAN. AND THAT LINE OF CREDIT IS SOMETHING THAT CAN BE USED KIND OF LIKE A CREDIT CARD. YOU CAN UM, YOU, YOU HAVE ACCESS TO THE FUNDS EITHER VIA A CHECK OR LIKE A DEBIT CARD. AND YOU CAN USE THEM, PAY IT OFF, USE IT AGAIN. AND A LOAN IS LIKE ONE TIME YOU GET THE FUNDS AT CLOSING AND THEN YOU CAN USE THEM HOWEVER YOU WANT, AND THEN YOU CAN DO THINGS LIKE REMODEL, ADD ON A LOT OF PEOPLE HAVE THOSE LOW RATE FIRST MORTGAGES RIGHT NOW. THEY DON바카라 게임 웹사이트�T WANT TO TOUCH, AND MAYBE YOUR HOUSE ISN바카라 게임 웹사이트�T REALLY WORKING FOR YOU BECAUSE OF THE SIZE YOU COULD CONSIDER ADDING ON AND USING THE EQUITY IN YOUR HOME TO DO THAT. FOR PEOPLE WHO MAY THINK ABOUT THESE OPTIONS AND THEY WANT TO KNOW, OKAY, BUT WHAT바카라 게임 웹사이트�S THE REAL DIFFERENCE? WHY WOULD I CHOOSE A LINE OF CREDIT OVER A LOAN PER SE? WHAT ARE WHAT ARE THE DIFFERENCES THERE? WELL, I THINK IT JUST DEPENDS ON KIND OF WHAT YOU WANT TO HAVE IT FOR. SO LIKE A LINE OF CREDIT, A LOT OF PEOPLE HAVE THAT ALMOST AS A SAFETY. SO THEY WANT TO REMODEL THEIR HOUSE AND THEY USE IT TO REMODEL THEIR HOUSE, BUT THEY ALSO THEY DON바카라 게임 웹사이트�T KNOW WHAT바카라 게임 웹사이트�S COMING DOWN THE LINE. MAYBE THEY HAVE HIGH SCHOOL KIDS GOING TO COLLEGE, AND THEY WANT TO HAVE ACCESS TO THAT FOR FOR THEIR KIDS GOING TO COLLEGE. IT바카라 게임 웹사이트�S A GREAT YOU KNOW, THAT바카라 게임 웹사이트�S AGAIN, ANOTHER, UM, SOURCE OF FUNDS FOR THAT VERSUS A LOAN. YOU HAVE ONE THING YOU WANT TO DO. YOU WANT TO USE THE EQUITY IN YOUR HOME TO DO IT. YOU JUST DO IT. AND THEN YOU PAY IT OFF AND YOU바카라 게임 웹사이트�RE DONE. THE LINE OF CREDIT KIND OF IS A REVOLVING REVOLVING, RIGHT? YEAH. THINK OF A CREDIT CARD. YOU, YOU KNOW, USE IT, PAY IT DOWN AN EQUITY LINE IS JUST LIKE LIKE THAT. ALL RIGHT. GREAT OPTIONS FOR HOMEOWNERS TO BE ABLE TO THINK ABOUT HERE. AND THANKS SO MUCH FOR BEING HERE WITH US. YOU CAN FIND O