How Home Equity Can Be Your Financial Ally

Owning a home is not only a milestone achievement but also a powerful financial asset. One of the most significant benefits of homeownership is the opportunity to build equity over time. Home equity represents the portion of your property that you truly own, calculated as the difference between your home's current market value and the outstanding balance on your mortgage. This equity can serve as a financial safety net or a resource for growth, depending on how you choose to utilize it.