![]() “Typically, you can only cash out up to 80% of your equity. News 6 asked if she feels the market is strong enough going into 2022 to take that equity out? ![]() ![]() So it’s a great time to use that equity and it’s still not too late even though rates are moving up a bit,” Carlton added “We’re seeing a lot of people wanting to pull cash out maybe to pay off some higher rate credit cards, student loans, maybe help with their monthly cash flow. She said as she sees those interest rates on mortgages climb up again, homeowners who need extra cash or want to do improvements on their homes can cash in on the equity built in because the housing market is so hot.
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