home equity

Home equity is the portion of a home's market value that the owner actually owns outright, calculated as the property's current value minus any outstanding mortgage or loan balances. Homeowners can borrow against it through home equity loans or lines of credit (HELOCs) to access cash.

Why it’s in the news: It is in the news because consumers are increasingly tapping home equity to manage inflation and build emergency funds, and lenders like LoanDepot are reporting revenue jumps from expanded home equity lending.

Latest on home equity

• ‘My husband and I are at odds’: Should we tap our home equity or sell stocks to build a $100,000 emergency fund?
• LoanDepot Q2 Revenue Jumps 18% on Home Equity Expansion
• American consumers are using home equity and food banks to manage inflation according to a Bloomberg News report on October 3.
• Consumers Tap Reserves and Charity to Manage Inflation

Connections

1 entities linked to home equity across the news graph.