Real Estate Vocab

Do you know what home equity is? 

It’s like your ownership stake in your property.  

Simply put, it’s the difference between your home’s market value and the amount you still owe on your mortgage. 

Here’s how it works: 

01 – As you pay down your mortgage, your equity grows 📈 

And if your home’s value increases, so does your equity. 

02 – Home equity is an asset!  

You can tap into it through home equity loans, lines of credit, or cash-out refinancing for things like renovations, education, or investments. 

03 – Many homeowners view equity as a way to build wealth over time, as it can help with future financial goals. 

If you’re wondering how much equity you’ve built up – comment “VALUE” and I’ll DM you your home value report 👇 

#homevalue #homeequity #realestateagent 

MEMBERS: Find the “CMA Report” under “Agent Essentials” >> “Guides”