Me, my wife, and her brother all own the same house we all three live in. Eventually me and my wife would want to move out to get our own house while her her brother stays here. What would be some simple ways to slowly build up some equity to maybe use as down payment for the next house unless the house becomes part of that equity then like land and then build on it or such?

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The value of the house has drastically increased from when we first bought it and if there’s a way to get any of that equity out in cash without affecting or increasing the mortgage that would be great

Taking equity out of the house is essentially like taking out a loan against the house. If youre patient, you could save money now and wait a little for home prices to be more realistic and possibly rates to go down in about a year or two. Home prices are up at an unrealistic rate especially in arizona despite what other may argue. The data proves it.

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