1.4K views | In simple terms, equity is the difference between your assets and the cost of liabilities. In terms of real estate, equity is the difference between the current value of your property and the amount you still owe on the mortgage. | FHA.com | Facebook

Equity is the key to understanding your home’s true value. 🗝️ 🌟 Imagine buying a home for $500,000 with a $100,000 down payment. Instantly, you have $100,000 in equity. But that’s just the start. As you pay down your mortgage and as property values rise, your equity grows – turning your home into a powerful financial asset. 📈 Here’s the bigger picture: Equity can be leveraged for home improvements, consolidating debts, or even as a stepping stone to buying your next property. It’s not just a