Home Equity: What It Is & How To Use It Smartly

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 24 June 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Did you know that there is currently over $25.3 trillion in U.S. home equity and 17+ million residential properties have over 50% in home equity? Maybe you’re one of those millions who don’t know how much home equity you have, whether or not you should tap into it, and then what to use it for if you do. If you’re emphatically saying yes, this episode is for you. Michael Gifford, Founder, and CEO of Splitero, a company that helps you access your home equity is here to share everything about home equity that you never thought to ask. With rising inflation and overall expenses, home equity might serve as a cushion against some of your money woes. Links Splitero Michael on LinkedIn Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Taking care of your employees is more important than ever. With Gusto, everything you need to hire, pay, manage, and support your hardworking team is in one modern solution: Gusto’s people platform. Get 3 months free when you sign up at gusto.com/mymoney. Thanks to My First Million for sponsoring the show. If you're the type of person who's like me and always thinking about new business ideas and startup ideas, start listening today to the My First Million podcast on any podcast player. Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. FOLLOW & SHARE Leave us an honest rating and review. Head to the podcast player you’re listening to this episode in to leave us a review. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/everyonestalkinmoney/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's not so much the homeowner that needs all of that 250, or you might have a homeowner that only needs 50,000 of that.
0:18.8	And so it's really the motivation behind using your home equity.
0:23.1	I would say that most of our homeowners are using it to really better their lives,
0:29.1	whether that's kind of financially free from burdensome debt or using it for other investments
0:34.6	or even just improving the house that they're living in.
0:39.3	Welcome to everyone's talking money podcast. I'm your host, Shawna Game. There's no judgment,
0:46.2	no dumb questions, just smart conversations about you and your money. So come on in and grab a seat.
0:52.9	Everyone is welcome here.
1:00.6	We've all spent more time with family lately.
1:03.3	It can feel like old times.
1:05.2	But your mind is on the future too.
1:07.1	And what you can do to shape it.
1:09.0	At Sandy Spring Bank, we work with clients to help them grow and protect their money
1:12.6	with wealth management, trust services, and insurance,
1:16.0	so they can enjoy today and ultimately pass along their wealth.
1:19.7	We believe real banking is a conversation.
1:22.4	Let's talk about your dreams.
1:24.3	Visit sandyspringbank.com slash wealth.
1:27.0	Wealth and insurance products are not FDIC
1:28.6	insured, not guaranteed, and may lose value. Hey there, welcome back to another episode of everyone's
1:33.9	talking money. So, so good to have you here. Did you know that there is currently over 25.3 trillion
1:42.2	U.S. dollars in home equity and 17 plus million residential properties have over
	...

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