Home Equity

What does it Mean? The value of ownership built up in a home or property that represents the current market value of the house less any remaining mortgage payments. This value is built up over time as the property owner pays off the mortgage and the market value of the property appreciates.
Investopedia Says... Home equity represents one of the largest sources of net worth for most investors. Home equity can be borrowed against through a home equity loan or home equity line of credit (HELOC). 

Terms Related Links

100% Mortgage
Gift Of Equity
Home Equity Conversion Mortgage - HECM
Home-Equity Loan
House Poor
McMansion
Mortgage
Negative Equity

Terms Related Links
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Measuring The Benefits Of Home Ownership - Price appreciation is the biggest factor, but it's not the only thing to consider.

Reverse Mortgage Pitfalls - Before tapping your home equity, find out what can go wrong.

Paying Off Your Mortgage - This may be the biggest debt you'll ever incur. Learn why you should retire it sooner rather than later.

Subprime Lending: Helping Hand Or Underhanded? - These loans can spell disaster for borrowers, but that doesn't mean they should be condemned.

Make A Risk-Based Mortgage Decision - Find out how to choose which mortgage style is right for you.

Mortgages: The ABCs Of Refinancing - Learn how the various reasons for doing it can mean the difference between financial prudence and ruin.

Burdening Your Retirement With A Mortgage - Carrying this debt can have benefits if done correctly, but is it worth the risk?

Mortgage Basics: The Big Picture - There''s more to owning a home than just paying the bills. Are you up to the challenge?

Mortgages: How Much Can You Afford? - Answering this means number-crunching as well as factoring in other considerations and expenses.





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