Four Smart Ways to Put Your Home Equity to Work
Your Home Equity May Be One of The Most Powerful Financial Tools You Have Homeowners currently hold trillions in accessible equity Four Smart Ways to Put Your Home Equity to Work Your home isn’t just where life happens. For many homeowners, it’s also one of their strongest financial assets. Over the past several years, home values have risen steadily while many homeowners have continued paying down their mortgages. The result? Significant equity. But equity isn’t just a number on paper. It’s leverage. It’s flexibility. It’s opportunity. Let’s look at what that really means — and how it can support your next move. How Much Equity Do Homeowners Really Have? Equity is the difference between what your home is worth and what you still owe on it. As your property value increases and your loan balance decreases, your ownership stake grows. National data shows (see chart): 39% of homeowners own their homes free and clear 27% have at least 50% equity The typical homeowner holds...
