+12 What Can You Do With Equity In A Home Ideas. Key takeaways home equity is the difference between a property’s current market value and the amount owed on the mortgage. A portion of each mortgage payment you make will go toward the principal balance of.
You can use your home equity to save up and bolster your retirement. You may be able to borrow money secured against your home equity. You can also use that equity to pay for major home improvements, help consolidate other debts or plan for your retirement.
