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What is Equity?

Monday, March 22, 2021   /   by Mitch Stein

What is Equity?

Equity is the value that you own in a property such as your house. Equity is the difference between what is owed on your home and what the home is worth in the current market. Equity grows if the property value goes up or if the amount owed goes down. 

Equity in a home can be used as collateral for a loan, but a house is not a piggy bank! Equity can become a key financial asset over time so treat it wisely!

A member of the Stein Team Realty can help you with all of your real estate needs. Please give us a call at 909-255-1070.

Mitchell Stein
License# 02081632
Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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