Power of Home Equity

If you're a homeowner looking to make a big purchase or consolidate debt, you may have more options than you think. One option is to use your home equity. Your home equity is the value of your home that you own outright, minus any outstanding mortgage payments.

Using your home equity, you can compete with cash offers on a new home, make home repairs to get it ready for sale, pay off debt, or consolidate debt. And, with a 5-day close, you can get the funds you need quickly.

Competing with cash offers on a new home can be challenging, but using your home equity can give you an advantage. With the ability to offer a quick close, you can make your offer more attractive to sellers who are looking for a fast sale. And, with your equity, you can often offer more money than you would otherwise be able to.

If you're looking to sell your home, using your home equity to make repairs can be a smart move. By making necessary repairs, you can increase the value of your home and make it more attractive to potential buyers. And, with the funds available from your equity, you can complete repairs quickly.

If you have high-interest debt, using your home equity to pay it off can save you money in the long run. By consolidating your debt into one low-interest loan, you can reduce your monthly payments and pay off your debt faster.

Overall, using your home equity can be a great way to access funds for a variety of purposes. Just be sure to consider the risks and benefits carefully and consult with a financial advisor or lender to determine the best approach for your situation.

Find out what your home value is here MyHomeValueNM.com

Newest Listings Albuquerque

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New
12030 Dusty Rose Road Ne, Albuquerque

$980,000

12030 Dusty Rose Road Ne, Albuquerque

6 Beds 4 Baths 4,304 SqFt Residential MLS® # 1077369

Keller Williams Realty

New
4340 Wymont Circle Ne, Albuquerque

$911,276

4340 Wymont Circle Ne, Albuquerque

4 Beds 4 Baths 3,642 SqFt Residential MLS® # 1077665

The Maez Group

New
716 Tyler Road Ne, Albuquerque

$900,000

716 Tyler Road Ne, Albuquerque

4 Beds 3 Baths 4,376 SqFt Residential MLS® # 1077641

EXP Realty LLC

New
12401 Carmel Avenue Ne, Albuquerque

$895,000

12401 Carmel Avenue Ne, Albuquerque

4 Beds 4 Baths 3,533 SqFt Residential MLS® # 1077747

EXP Realty LLC

New
147 Fernleaf Court Nw, Albuquerque

$689,990

147 Fernleaf Court Nw, Albuquerque

4 Beds 3 Baths 2,323 SqFt Residential MLS® # 1077663

The Maez Group

New
9908 Buckeye Street Nw, Albuquerque

$676,000

9908 Buckeye Street Nw, Albuquerque

4 Beds 4 Baths 3,600 SqFt Residential MLS® # 1077717

Opendoor Brokerage, LLC

New
4328 Wymont Circle Ne, Albuquerque

$673,378

4328 Wymont Circle Ne, Albuquerque

3 Beds 4 Baths 2,415 SqFt Residential MLS® # 1077664

The Maez Group

New
9212 Del Webb Lane Nw, Albuquerque

$575,000

9212 Del Webb Lane Nw, Albuquerque

3 Beds 2 Baths 2,088 SqFt Residential MLS® # 1077741

Realty One of New Mexico

New
7617 Arroyo Del Oso Avenue Ne, Albuquerque

$550,000

7617 Arroyo Del Oso Avenue Ne, Albuquerque

4 Beds 3 Baths 2,464 SqFt Residential MLS® # 1077749

ERA Summit

New
6204 Eagle Eye Drive Nw, Albuquerque

$540,000

6204 Eagle Eye Drive Nw, Albuquerque

3 Beds 3 Baths 3,010 SqFt Residential MLS® # 1077735

Heart Homes LLC

New
7335 Blue Cypress Avenue Ne, Albuquerque

$535,000

7335 Blue Cypress Avenue Ne, Albuquerque

3 Beds 2 Baths 1,968 SqFt Residential MLS® # 1077448

Keller Williams Realty

New
8416 Rancho Colina Nw, Albuquerque

$500,000

8416 Rancho Colina Nw, Albuquerque

3 Beds 3 Baths 2,040 SqFt Residential MLS® # 1077657

Coldwell Banker Legacy

New
7908 Mataro Road Nw, Albuquerque

$490,000

7908 Mataro Road Nw, Albuquerque

3 Beds 3 Baths 1,984 SqFt Residential MLS® # 1077667

Coldwell Banker Legacy

New
423 14th Street Nw, Albuquerque

$479,000

423 14th Street Nw, Albuquerque

4 Beds 2 Baths 1,920 SqFt Residential MLS® # 1077662

Berkshire Hathaway NM Prop

New
7109 Glyndon Trail Nw, Albuquerque

$475,000

7109 Glyndon Trail Nw, Albuquerque

4 Beds 3 Baths 2,735 SqFt Residential MLS® # 1077746

Realty One of New Mexico

New
14319 Soula Drive Ne, Albuquerque

$475,000

14319 Soula Drive Ne, Albuquerque

3 Beds 2 Baths 2,141 SqFt Residential MLS® # 1077575

Coldwell Banker Legacy

New
4928 Alta Mesa Nw, Albuquerque

$430,000

4928 Alta Mesa Nw, Albuquerque

4 Beds 3 Baths 2,496 SqFt Residential MLS® # 1077598

High Desert Realty

New
3001 Georgia Street Ne, Albuquerque

$425,000

3001 Georgia Street Ne, Albuquerque

4 Beds 3 Baths 1,984 SqFt Residential MLS® # 1077646

Keller Williams Realty

New
4 Link Street Nw, Albuquerque

$424,900

4 Link Street Nw, Albuquerque

2 Beds 2 Baths 1,575 SqFt Residential MLS® # 1077748

Realty One of New Mexico

New
12008 Sullivan Court Nw, Albuquerque

$424,900

12008 Sullivan Court Nw, Albuquerque

4 Beds 2 Baths 2,096 SqFt Residential MLS® # 1077754

RE/MAX SELECT

New
3801 Ophelia Avenue Nw, Albuquerque

$393,225

3801 Ophelia Avenue Nw, Albuquerque

3 Beds 3 Baths 2,683 SqFt Residential MLS® # 1077661

HomeSmart Realty Pros

New
5508 Newhall Drive Se, Albuquerque

$391,990

5508 Newhall Drive Se, Albuquerque

3 Beds 2 Baths 1,440 SqFt Residential MLS® # 1077629

D.R. Horton, Inc.

New
7912 Unionville Court Nw, Albuquerque

$389,900

7912 Unionville Court Nw, Albuquerque

3 Beds 3 Baths 2,318 SqFt Residential MLS® # 1077703

Q Realty

New
10753 Aspiration Lane Sw, Albuquerque

$383,900

10753 Aspiration Lane Sw, Albuquerque

3 Beds 3 Baths 1,883 SqFt Residential MLS® # 1077650

Coldwell Banker Legacy

New
7401 Quartzite Avenue Nw, Albuquerque

$375,000

7401 Quartzite Avenue Nw, Albuquerque

4 Beds 3 Baths 2,150 SqFt Residential MLS® # 1077680

Realty One of New Mexico

New
3705 Valerie Place Ne, Albuquerque

$375,000

3705 Valerie Place Ne, Albuquerque

3 Beds 2 Baths 1,588 SqFt Residential MLS® # 1077709

Keller Williams Realty

New
6518 Mossman Place Ne, Albuquerque

$360,000

6518 Mossman Place Ne, Albuquerque

3 Beds 3 Baths 1,818 SqFt Residential MLS® # 1077599

Keller Williams Realty

New
5804 Glenda Court Nw, Albuquerque

$339,000

5804 Glenda Court Nw, Albuquerque

3 Beds 2 Baths 1,113 SqFt Residential MLS® # 1077695

Myers & Myers Real Estate, Inc

New
9316 Holm Bursum Drive Nw, Albuquerque

$330,000

9316 Holm Bursum Drive Nw, Albuquerque

3 Beds 2 Baths 1,805 SqFt Residential MLS® # 1077205

Roadrunner Realty & Investment

New
10647 Buck Island Road Sw, Albuquerque

$320,000

10647 Buck Island Road Sw, Albuquerque

4 Beds 3 Baths 2,047 SqFt Residential MLS® # 1077755

Blue Lynx Realty

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