Living Greater

Most of us remember when “foreclosure” wasn’t a household word. It has always been a painful reality, but until a few years ago it wasn’t one that impacted so many of our friends and families. I don’t own a home, but many of my friends and acquaintances do, and two of my closest friends have lost their homes in the last five years. The process of losing your home and your good credit is difficult, scary, and embarrassing at best.

My husband and I moved to Reno a little over a year and a half ago from Independence, Kentucky which is a suburb of Cincinnati, Ohio. Summertime in the Midwest is primarily hot with a side of humid, and the occasional thunderstorm and/or tornado. We didn’t really hear much about wild fires in our neck of the woods.

The goal of this blog is to provide information that will help you Live Greater financially. Sometimes banks and credit unions take it for granted that consumers understand all of their financial lingo, but I know from personal experience that’s not always true. So this week I am going to address a question some of you may have about a commonly used term: home equity.

It might start with something falling off your car… maybe something small like the handle to control the seat tilt. You may start noticing worn through spots in the carpet or upholstery, or it may just be that a newer, shinier model catches your eye. Whatever it is, once you get the “new car” itch, it’s only a matter of time before you’re kicking tires at the local dealership, looking for your upgrade.