Learn about home equity, how it builds over time, and why it's such a valuable asset for homeowners.
Home equity is the difference between your home's current market value and the amount you owe on your mortgage. It represents the portion of your property that you truly "own."
For example, if your home is worth $300,000 and you owe $200,000 on your mortgage, your home equity is $100,000.
Home equity provides a financial cushion and can be tapped into during emergencies or major life events.
As your equity grows, so does your overall net worth, contributing to long-term financial health.
Home equity can be leveraged for investments, potentially generating additional income or growth.
Discover how WISE can help you unlock the potential of your home equity and create long-term wealth.