How to Build Home Equity Faster (And Smart Ways to Use It)
Posted On: June 1, 2026 by Prevail Bank in: Home Loans
How to Build Home Equity Faster (And Smart Ways to Use It)
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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...
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