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What Is Equity and Why Is It Important?

Have you heard that owning a home helps ‘build equity’ but still not sure what that means?
Posted by Natalie Arnold on June 26, 2017 in  buyer  buyers resource  financial investment  Home Ownership  seller  sellers resource
You’ve probably heard people throw around the word “equity” when they’re talking about homeownership. You might have heard someone say that owning a home helps you “build equity” or perhaps you heard someone talk about “borrowing against equity.” But what exactly is equity? And why does it matter? What Is Equity?Equity is what you own, minus what you owe. It’s the percentage of your home value that belongs to you free and clear. If your home is wort... read more
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