Blog > What Is Home Equity, and How Can It Be Used?
Home equity is the difference between what your home is worth and what you owe on your mortgage. As you pay down your loan and property values rise, your equity grows — becoming one of your most powerful financial assets. You can tap into it through a home equity loan or line of credit for renovations, debt consolidation, or investments. However, using equity wisely is key — it should support your long-term financial goals, not create unnecessary debt.
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