Tap Secret Home Equity Strategy Today Transform Finances

How Home Equity Works

Home equity is calculated by subtracting the outstanding balance of your mortgage from your home's current market value. For example, if your home is valued at $300,000 and you owe $200,000 on your mortgage, you have $100,000 in home equity. This equity can be accessed through several financial products, such as home equity loans, home equity lines of credit (HELOCs), or cash-out refinancing.