It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. That’s great for your home’s value over the last couple of years, but what if you’ve lived in your home for longer than that? You may be wondering how much equity ... » Learn More about How Your Equity Can Grow over Time
equity
How To Build Equity
As you’re buying/selling a home, you may hear the advice to build equity. But what does this mean? First, let’s go over the term equity. Equity is the difference between your property’s fair market value (FMV) and your outstanding balance on your mortgage. Home equity appreciates when you make ... » Learn More about How To Build Equity
