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Your home equity equals the current value of your home minus your current mortgage debt. Assume your home’s current value is $410,000, and you have a $220,000 balance remaining on your mortgage.
How much of your wealth should be in your home . The share of a person's net worth that should be allocated in their home depends on many factors, including their age, income and overall wealth ...
If you’re contemplating tapping your home equity, you’re not alone: Almost 30% of homeowners say they would consider ...
You may want to calculate your net worth and your liquid net worth. "Net worth can include items such as your home, jewelry, ...
Your home equity is based on your home value, but it's actually is the difference between the appraised value of your home — or what your home is worth — and how much you owe on your mortgage.