home equity

What is home equity and why is it important?

What is home equity and why is it important?

The term ‘home equity’ is one that you probably will hear a lot about as you venture into homeownership, apply for a second mortgage, or refinance your current mortgage. Because many lenders and real estate agents are so close to the subject, they may assume that you are as well versed in it as they are. So let’s take a moment to understand precisely what home equity is. 

By definition, home equity is the invested value you have, as a homeowner, in your home.

Continue reading What is home equity and why is it important? at Movement Mortgage Blog.

About the authors

Looking to change the home buying process for the better, the Humes Team is here for all of your mortgage needs. No loan is too big or too small. We believe one should treat others as expected to be treated. We pride ourselves in honesty paired with communication to deliver A1 service with great results.

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About Movement Mortgage

Movement has grown from a small team of 4 to over 4,000 employees with more than 500 locations across 46 states. Inc. Magazine recognized Movement Mortgage as the fastest-growing mortgage bank in the country.

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