Home equity is the difference between what your home is worth and what you still owe. And it’s one of the biggest financial advantages of owning property.
How equity grows:
- Paying down your mortgage
- Home values increasing
- Renovations and improvements
- Buying in a strong location
How to use it:
- Home Equity Loan or Line of Credit (HELOC)
- Refinance to pull out cash
- Sell and use it to upgrade or downsize
- Leverage for investment property purchases
Equity gives homeowners flexibility — and access to capital. But tapping into it should always be done with a long-term strategy.
