🏡 Vocabulary of the Week: EQUITY
Ever wondered what "equity" means when it comes to homeownership? 🤔
It’s the difference between your home’s current market value and what you still owe on your mortgage.

📊 Example:
Home Value: $300,000
Mortgage: $200,000
💰 Equity: $100,000

 

The more equity you build, the more of your home you truly own! 💪