Home Equity

The current market value of a homeowner's property minus any outstanding mortgages or liens on the property.

More Details

Home equity is the value of a homeowner's interest in a property. It is the difference between the property's market value and any outstanding mortgage or other liens on the property.

Example

If you have a mortgage balance of $200,000 and the property is worth $500,000, the home equity in your property would be $300,000.

Ready to Own the Home of Your Dreams?

Join now to get access to the competitive rates, member-friendly loan products, and educational resources you need to secure an exceptional financial future.