Blog > Unlocking the Benefits of Your Home's Equity
Some Highlights
- Equity is the difference between what your house is worth and what you still owe on your mortgage.
- The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
- To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).
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Jim Armstrong
Team Leader/Broker Associate | License ID: 9074205
Team Leader/Broker Associate License ID: 9074205