Equity is the difference between what your house is worth and what you still owe on your mortgage.
The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).
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The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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