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
9508 Lyndale Lane Nw, Albuquerque

$1,600,000

9508 Lyndale Lane Nw, Albuquerque

3 Beds 4 Baths 3,450 SqFt Residential MLS® # 1042309

Simply Real Estate

New
5838 Isleta Boulevard Sw, Albuquerque

$1,200,000

5838 Isleta Boulevard Sw, Albuquerque

3 Beds 4 Baths 3,132 SqFt Residential MLS® # 1042354

Keller Williams Realty

New
7331 Venice Avenue Ne, Albuquerque

$925,000

7331 Venice Avenue Ne, Albuquerque

3 Beds 3 Baths 2,607 SqFt Residential MLS® # 1042197

EXP Realty LLC

New
10504 Redbud Street Nw, Albuquerque

$725,000

10504 Redbud Street Nw, Albuquerque

3 Beds 3 Baths 2,339 SqFt Residential MLS® # 1042341

360 Ventures Real Estate

New
9628 Rosas Avenue Ne, Albuquerque

$650,000

9628 Rosas Avenue Ne, Albuquerque

4 Beds 3 Baths 3,034 SqFt Residential MLS® # 1042227

Coldwell Banker Legacy

New
9312 Farragut Drive Ne, Albuquerque

$650,000

9312 Farragut Drive Ne, Albuquerque

4 Beds 3 Baths 2,650 SqFt Residential MLS® # 1042320

EXP Realty LLC

New
5315 Avenida Cuesta Ne, Albuquerque

$635,000

5315 Avenida Cuesta Ne, Albuquerque

4 Beds 3 Baths 2,847 SqFt Residential MLS® # 1041774

Platinum Properties & Invst.

New
532 Bright Way Nw, Albuquerque

$627,000

532 Bright Way Nw, Albuquerque

4 Beds 3 Baths 2,700 SqFt Residential MLS® # 1042156

Realty One of New Mexico

New
9112 Vista Dibujo Road Nw, Albuquerque

$624,900

9112 Vista Dibujo Road Nw, Albuquerque

4 Beds 4 Baths 3,407 SqFt Residential MLS® # 1042242

Realty One of New Mexico

New
6405 Guadalupe Place Nw, Albuquerque

$598,000

6405 Guadalupe Place Nw, Albuquerque

4 Beds 3 Baths 2,425 SqFt Residential MLS® # 1042336

Realty One Group Concierge

New
1826 Morningside Drive, Albuquerque

$550,000

1826 Morningside Drive, Albuquerque

4 Beds 3 Baths 2,029 SqFt Residential MLS® # 1042310

RE/MAX SELECT

New
10216 Oso Redondo Ne, Albuquerque

$550,000

10216 Oso Redondo Ne, Albuquerque

3 Beds 3 Baths 1,723 SqFt Residential MLS® # 1042237

Realty One of New Mexico

New
914 Piedra Vista Road Ne, Albuquerque

$535,000

914 Piedra Vista Road Ne, Albuquerque

4 Beds 3 Baths 3,200 SqFt Residential MLS® # 1042027

Re/Max Alliance, REALTORS

New
5912 Legends Avenue Nw, Albuquerque

$499,000

5912 Legends Avenue Nw, Albuquerque

5 Beds 3 Baths 2,992 SqFt Residential MLS® # 1042315

Keller Williams Realty

New
1017 Girard Boulevard Ne, Albuquerque

$475,000

1017 Girard Boulevard Ne, Albuquerque

4 Beds 2 Baths 2,273 SqFt Residential MLS® # 1042344

Living Real Estate

New
6336 Calle Tesoro Nw, Albuquerque

$449,777

6336 Calle Tesoro Nw, Albuquerque

5 Beds 3 Baths 2,737 SqFt Residential MLS® # 1042343

Realty One of New Mexico

New
1116 Muriel Street Ne, Albuquerque

$425,000

1116 Muriel Street Ne, Albuquerque

4 Beds 2 Baths 2,214 SqFt Residential MLS® # 1042062

Keller Williams Realty

New
9709 Admiral Nimitz Avenue Ne, Albuquerque

$414,000

9709 Admiral Nimitz Avenue Ne, Albuquerque

4 Beds 2 Baths 2,008 SqFt Residential MLS® # 1042318

Coldwell Banker Legacy

New
7300 Laster Avenue Ne, Albuquerque

$400,000

7300 Laster Avenue Ne, Albuquerque

3 Beds 2 Baths 1,560 SqFt Residential MLS® # 1042262

Coldwell Banker Legacy

New
10924 Estribo Street Nw, Albuquerque

$399,900

10924 Estribo Street Nw, Albuquerque

3 Beds 2 Baths 1,870 SqFt Residential MLS® # 1042236

Realty One of New Mexico

New
4413 Kellia Lane Ne, Albuquerque

$385,000

4413 Kellia Lane Ne, Albuquerque

3 Beds 2 Baths 1,783 SqFt Residential MLS® # 1042082

Coldwell Banker Legacy

New
4604 Bermuda Drive Ne, Albuquerque

$378,000

4604 Bermuda Drive Ne, Albuquerque

3 Beds 2 Baths 1,725 SqFt Residential MLS® # 1040269

Altima Real Estate LLC

New
318 Carlisle Boulevard Ne, Albuquerque

$370,000

318 Carlisle Boulevard Ne, Albuquerque

2 Beds 2 Baths 1,031 SqFt Residential MLS® # 1042272

Hunter Chase Realty

New
9819 Edith Boulevard Ne, Albuquerque

$366,000

9819 Edith Boulevard Ne, Albuquerque

3 Beds 2 Baths 1,280 SqFt Residential MLS® # 1041548

Realty One of New Mexico

New
108 Pequeno Road Nw, Albuquerque

$350,000

108 Pequeno Road Nw, Albuquerque

3 Beds 2 Baths 1,385 SqFt Residential MLS® # 1042326

Coldwell Banker Legacy

New
7723 Euclid Avenue Ne, Albuquerque

$350,000

7723 Euclid Avenue Ne, Albuquerque

3 Beds 2 Baths 1,300 SqFt Residential MLS® # 1042349

Realty One of New Mexico

New
1315 Ponderosa Avenue Nw, Albuquerque

$349,000

1315 Ponderosa Avenue Nw, Albuquerque

3 Beds 2 Baths 1,438 SqFt Residential MLS® # 1042209

Simply Real Estate

New
2912 Tierra Dorado Drive Sw, Albuquerque

$345,000

2912 Tierra Dorado Drive Sw, Albuquerque

4 Beds 3 Baths 2,555 SqFt Residential MLS® # 1042226

Keller Williams Realty

New
7108 Tesuque Drive Nw, Albuquerque

$345,000

7108 Tesuque Drive Nw, Albuquerque

3 Beds 2 Baths 1,442 SqFt Residential MLS® # 1042342

Keller Williams Realty

New
503 Vassar Drive Se, Albuquerque

$340,000

503 Vassar Drive Se, Albuquerque

2 Beds 1 Bath 1,075 SqFt Residential MLS® # 1042275

Hunter Chase Realty

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