If you’re looking on ways to use your home’s equity you can always refinance it. In essence, this is a way of paying off your current mortgage and getting cash out based on how much equity (the difference between the market value of your home and what you owe on it) you have in your home. This is a great way to lower or lock in your mortgage interest rate. This is the way to get large sums of money – $30,000 or more – because you have 15 to 30 years to pay it off. Check out below to see what home has just been listed in Island Lake of Novi in July 2025:
24942 Acorn Trail, Novi: 5 bedrooms, 4.1 bathrooms, 3,650 sq. feet, 3 car garage, Listed Price: $950,000
Island Lake of Novi Home Just Listed
July 2025
A home equity loan, a.k.a. a second mortgage, is good for homeowners who don’t need quite as much cash and whose mortgage interest rate is already competitive. For more information on Island Lake of Novi, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.