Is There Money Hiding In Your Mortgage?

• Increased home values may mean that your home equity has grown significantly. So the time may be right to refinance and pull money out of your home equity in a lump sum to fund repairs, renovations or other expenditures.

• Turning to home equity lines of credit for cash has been a smart choice for many. Unlike credit cards, the interest paid on these credit lines is often tax deductible. Plus, the monthly payments are also lower than with most credit cards.

• Many homeowners are using the equity from a first home to purchase a second home or other investment property. This can be an excellent way to make the most of a current investment to build assets and bolster a financial portfolio.

• For homeowners who are at least 62 years old, a reverse

For more information about these and other smart mortgage management tips, call (800) 570-9888 or visit www.countrywide.com

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