How to Build Home Equity Faster (And Smart Ways to Use It)
Posted On: June 1, 2026 by Prevail Bank in: Home Loans
Home equity is the difference between the balance on your mortgage and the current value of your home. For example, if your home is presently valued at $310,000 and you have $225,000 left on your mortgage, you have $85,000 of equity in your home. ($310,000-$225,000 = $85,000)
Is having equity in your home good?
Having equity in your home is important because it is an asset that counts toward your total net worth and...
What Should be Taken into Consideration When Remodeling a Home?
Posted On: July 17, 2025 by Prevail Bank in: Home Loans
Remodeling a home can be an exciting and rewarding experience, but it also requires a considerable amount of time, effort, and money. Carefully consider the pros and cons of remodeling before taking on such a project. Homeowners typically consider remodeling when their current living space no longer meets their needs, or if they want to make improvements that will increase the value of their property.
What are the Pros and Cons of Remodeling?Remodeling has both advantages...
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