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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12511 Crested Moss Road Ne, Albuquerque

$1,695,000

12511 Crested Moss Road Ne, Albuquerque

5 Beds 8 Baths 7,981 SqFt Residential MLS® # 1073053

Keller Williams Realty

New
2347 Granite Mountain Lp Nw, Albuquerque

$699,900

2347 Granite Mountain Lp Nw, Albuquerque

2 Beds 3 Baths 2,653 SqFt Residential MLS® # 1073507

ERA Summit

New
12305 La Vista Grande Drive Ne, Albuquerque

$590,000

12305 La Vista Grande Drive Ne, Albuquerque

4 Beds 3 Baths 2,866 SqFt Residential MLS® # 1073469

Realty One Group Concierge

New
4509 Tottle Avenue Nw, Albuquerque

$575,000

4509 Tottle Avenue Nw, Albuquerque

4 Beds 3 Baths 3,744 SqFt Residential MLS® # 1073400

High Vista Realty

New
12445 Morrow Avenue Ne, Albuquerque

$575,000

12445 Morrow Avenue Ne, Albuquerque

4 Beds 3 Baths 2,601 SqFt Residential MLS® # 1073028

Realty One Group Concierge

New
1112 Nashville Avenue Sw, Albuquerque

$499,900

1112 Nashville Avenue Sw, Albuquerque

3 Beds 2 Baths 1,550 SqFt Residential MLS® # 1073542

Karsten & Associates

New
118 65th Street Sw, Albuquerque

$420,000

118 65th Street Sw, Albuquerque

4 Beds 2 Baths 1,394 SqFt Residential MLS® # 1073514

The M Real Estate Group

New
116 65th Street Sw, Albuquerque

$420,000

116 65th Street Sw, Albuquerque

4 Beds 2 Baths 1,394 SqFt Residential MLS® # 1073515

The M Real Estate Group

New
5409 Hummingbird Lane Nw, Albuquerque

$405,000

5409 Hummingbird Lane Nw, Albuquerque

3 Beds 3 Baths 1,868 SqFt Residential MLS® # 1073522

Keller Williams Realty

New
11001 Stonebrook Place Nw, Albuquerque

$380,000

11001 Stonebrook Place Nw, Albuquerque

5 Beds 3 Baths 2,673 SqFt Residential MLS® # 1073529

Coldwell Banker Legacy

New
6436 Michelangelo Lane Nw, Albuquerque

$370,000

6436 Michelangelo Lane Nw, Albuquerque

4 Beds 3 Baths 2,045 SqFt Residential MLS® # 1073491

Fathom Realty

New
1624 Band Saw Drive Nw, Albuquerque

$365,000

1624 Band Saw Drive Nw, Albuquerque

2 Beds 3 Baths 1,342 SqFt Residential MLS® # 1073519

Keller Williams Realty

New
10124 Norman Avenue Ne, Albuquerque

$365,000

10124 Norman Avenue Ne, Albuquerque

3 Beds 2 Baths 1,791 SqFt Residential MLS® # 1073533

Berkshire Hathaway NM Prop

New
7728 El Conde Avenue Ne, Albuquerque

$350,000

7728 El Conde Avenue Ne, Albuquerque

4 Beds 3 Baths 2,407 SqFt Residential MLS® # 1073270

Realty One of New Mexico

New
10725 Pennyback Park Drive Ne, Albuquerque

$320,000

10725 Pennyback Park Drive Ne, Albuquerque

2 Beds 2 Baths 1,138 SqFt Residential MLS® # 1073159

CENTURY 21 Camco Realty

New
8007 Hannett Avenue Ne, Albuquerque

$319,990

8007 Hannett Avenue Ne, Albuquerque

4 Beds 2 Baths 2,145 SqFt Residential MLS® # 1073532

Red Fox Realty

New
713 Lewis Avenue Sw, Albuquerque

$319,000

713 Lewis Avenue Sw, Albuquerque

2 Beds 1 Bath 1,204 SqFt Residential MLS® # 1073438

Realty One of New Mexico

New
2613 Hagland Place Ne, Albuquerque

$305,000

2613 Hagland Place Ne, Albuquerque

3 Beds 3 Baths 1,200 SqFt Residential MLS® # 1073501

Opendoor Brokerage, LLC

New
1323 Quiet Desert Drive Sw, Albuquerque

$298,000

1323 Quiet Desert Drive Sw, Albuquerque

3 Beds 2 Baths 1,645 SqFt Residential MLS® # 1073531

Network Realty LLC

New
1608 Secret Valley Drive Sw, Albuquerque

$285,000

1608 Secret Valley Drive Sw, Albuquerque

3 Beds 2 Baths 1,472 SqFt Residential MLS® # 1073479

Fathom Realty

New
1300 La Vega Drive Sw, Albuquerque

$250,000

1300 La Vega Drive Sw, Albuquerque

2 Beds 1 Bath 1,303 SqFt Residential MLS® # 1073516

Realty One of New Mexico

New
1709 Violetas Road Nw, Albuquerque

$215,000

1709 Violetas Road Nw, Albuquerque

2 Beds 2 Baths 810 SqFt Residential MLS® # 1073504

360 Ventures Real Estate

New
239 La Vida Nueva Del Oeste Sw, Albuquerque

$149,900

239 La Vida Nueva Del Oeste Sw, Albuquerque

2 Beds 1 Bath 732 SqFt Residential MLS® # 1073497

Berkshire Hathaway NM Prop

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