4 Ways To Leverage Your Mortgage

1. Invest In Real Estate

• If you have enough equity in your home, you may be able to take out a home equity loan or line of credit to invest in real estate. This can be a great way to diversify your portfolio and potentially generate additional income. 

2. Use Home As Rental Property

• If you have extra space in your home, you could rent out a room or a portion of your property to generate additional income. This can be a good option if you're comfortable being a landlord and have the time and resources to manage the property. 

3. Start A Business

• If you're an entrepreneur, you may be able to use the equity in your home to fund a new business venture. This can be a risky strategy, but if you have a solid business plan and the skills to make it work, it could pay off in the long run. 

4. Consolidate Debt

• If you have high-interest debt, such as credit card debt, you may be able to consolidate it into your mortgage. This can lower your monthly payments and reduce the overall interest you'll pay over time. However, it's important to make sure you can afford the higher mortgage payments and that you don't end up in even more debt.  

(Bonus) Refinance Your Mortgage

• If your interest rate is higher than the current going rate, refinancing can result in significant savings over time.  This is the most common way to leverage your mortgage. You can also use a cash-out refinance to access the equity in your home, which you can use for a variety  of things such as funding home improvements.