Home equity is one of the many advantages of homeownership! It’s the difference between how much you owe on your mortgage and how much your home is worth.
What Is Home Equity?
As the market value of your home increases and you pay down your loan balance, you’ll build equity in your home. Sometimes homeowners use the equity in their home for needs like home improvements, debt consolidation or unexpected expenses and emergencies.
Home Project Financing Center
There are many options to help you finance your home projects, such as renovations, emergency repairs and more.