In the simplest terms, home equity is the difference between what you owe on your mortgage and your home’s current market value. If you owe $100,000 on your mortgage and your home is worth $400,000, then you have 75% home equity. Conversely, if you have a remaining mortgage balance of $300,000 on your $400,000 house, you have 25% home equity.
From changing water filters to compiling a home inventory, your January home maintenance tasks focus on some often neglected areas that will really give your home a fresh start in the new year.
Planning to sell your home? Take note of a few things beforehand. Even the tiniest drip of a faucet, a stuck drawer, or a squeaky set of stairs can deter buyers.
This article discusses how to navigate the emotional aspects of downsizing your home.