What is the Difference Between Home Value and Home Equity?

Dated: August 23 2024

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Here's the difference between home value and home equity 💰
The value of your home is based on an assessment of your property's value, based on the location, condition, and multiple other factors.
Home equity increases in two ways:
1) As you pay your mortgage down, your home's equity will rise.
2) Your equity will also increase if the value of your home jumps. However, this also works inversely. If your home value drops faster than the rate you're paying your mortgage, you could lose equity.
If you're serious about building equity in your home, comment below or send a DM and let's chat!
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Stacy Vidro

Vidro Realty Group, led by Stacy Vidro, specializes in marketing and negotiating luxury homes, waterfront properties, and high-value real estate in Palm Beach County, Florida. Originally from New Yo....

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