- As you pay down your mortgage and home prices rise, your equity grows. With home prices rising again, your equity is increasing.
- Almost half of all homeowners are equity rich, having at least 50% equity in their homes. If you've been in your house for a while, you may have accumulated a significant amount of equity as well.
- Do you want to know how much equity you have? Contact a reputable real estate agent to obtain a Professional Equity Assessment Report (PEAR).