Posts from April 1st, 2025
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How Home Equity Works (and How to Spend It)
April 1st, 2025 by Coldwell Banker Tomlinson
If you're a homeowner who has heard the phrase 'home equity' but only kinda sorta knows how it works, you're not alone … and you're likely not capitalizing on your home's potential. Equity is powerful — it can help you fund your next major milestone, consolidate debt, and sidestep financial emergencies. But only if you know how to use it.
Here's everything you need to know about your home's equity, and more importantly, how to use it to your advantage.
Home Equity at a Glance
Home equity is the money you'd make from selling your house after paying any debts. It's essentially the part of your home's value that you've already...