Rates & Loans

Equity

The portion of an asset you truly own — its value minus any debt secured against it.

What does equity mean?

Home equity is your property’s value minus your mortgage balance. It grows as you pay down the loan and as the property appreciates, and it can be borrowed against with a home equity loan or HELOC.

Put it to use

Home Equity Line of Credit Calculator How big of a home equity line of credit can you receive? Use this calculator to find out! Reverse Mortgage Calculator This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.

Related terms

Loan-to-Value (LTV)Net Worth

All glossary terms