With many Americans house rich, here are the best ways to tap your home for cash

by | Jun 11, 2021 | 0 comments

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Many Americans are suddenly house rich. On paper, anyway.

Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest amount ever recorded, according to Black Knight, a mortgage technology and research firm — the equivalent of roughly $158,000, on average, per homeowner.

 

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