3 Money Moves For Homeowners In This Economy

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(This article has been updated to 3 top moves).

Homeowners have seen a wild ride. With prices skyrocketing the last couple of years.

Homeowners still currently have a lot more equity built up due to the home price boom.

These 3 options below could help homeowners cash in, save money, and protect whats important to them:

1. Turn Some Of Your Home Equity Into A Lot Of Cash

house with pool

fran hogan on Unsplash

If you have equity in your home, you could turn some of that equity into cash with a Cash-Out refinance. You could use the cash for virtually anything you want.

A Cash-out refinance replaces your current home loan with a new bigger mortgage, allowing you to take advantage of the equity you’ve built up in your home and access the difference between the two mortgages (your current one and the new one) in cash. The cash you get can go toward virtually anything you want, such as home improvements, paying off debt or other purposes you have.

With New American Funding, you can check your mortgage Cash-Out refinance rates in just a few clicks!

New American Funding has funded $60 billions in home loans since 2010. You’ll need a credit score of 620 or higher to get approved with New American Funding.

Find out how much cash you might be able to get from New American Funding now right here!

New American Funding: NMLS#6606

2. Help Protect Your Your Family By Leaving Them Up To $8,000,000 By Doing This Below

woman carrying a baby by the street during the day

Sai De Silva on Unsplash

We hate to think about it, but who would make the mortgage or rent and bill payments if something were to happen to you? One of the smartest moves you can make is to help protect your family’s financial future. Many people underestimate how much money is needed to provide for their families after they die. This is why life insurance is very important.

The older you are, the more expensive life insurance becomes. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.

Plus, with Ladder, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.

Ladder offer’s term life insurance policies starting from as little as $4.95 a month, and you can complete the company’s application in 5 minutes. Ladder is 100% digital for coverage up to $3 million which means no medical exams or filling out paperwork! You’ll simply have to answer a few health questions as part of the online application.

Get your free quote from Ladder today and help ensure your family’s financial future is secure.

$4.95/month pricing is based on 20-year-old female, preferred plus rating with a 10 year term and $100,000 in coverage.

Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.

3. Diversify Your Family Portfolio Outside Of Stocks & Real Estate For The Future

When you think about investing you probably think about stocks and real estate. You might think that investing in fine art by the likes of Banksy and Andy Warhol is only an option for the ultra-rich. But not anymore.

Masterworks is an investment platform designed specifically for investing in contemporary artwork.

Why? Because, like a fine wine, a piece of fine art can get better — and more valuable — with time.

And maybe because, between 1995 and 2020, contemporary art has outperformed the S&P 500 by 174% — that’s nearly three times the returns — according to the Citi Global Art Market chart.

Masterworks is one of the first art investment platforms, and it’s available by invite only. (Don’t worry; we got you an invitation! skip the waitlist and sign up with Masterworks today) It lets you bypass the hard parts of art collecting, so you can just enjoy the rewards.

Here’s how it works:

  • The Masterworks research team watches the art markets to discover which types of works are going up in value.
  • Then it sends out an acquisition team to snatch up a piece and offers shares to member investors.
  • You select shares to buy (with no minimum investment), and Masterworks uses its proprietary data to help you tailor your portfolio based on your financial goals.
  • You can earn money by selling your shares to other Masterworks users, or hold onto them and earn your share of the proceeds when Masterworks sells the piece.