06/23/2026
Home equity is the portion of your home's value that you truly "own." It's the difference between your home's market value and the outstanding balance of any mortgages you have on the property. In simple terms, it represents how much of your home is paid off.
Here's how you calculate it:
Home Equity = Current Market Value of the Home - Remaining Mortgage Balance
For example, if your home is worth $300,000 and you owe $150,000 on your mortgage, your home equity is $150,000.
Did you know that your home equity can work for you? Reach out if you'd like to learn how you can leverage this equity to reach your goals.
https://myoc.io/SBTWEBSITE
Skip Brown #139581, Jesse Furrow #1826015, Compass Mortgage #21808, www.nmlsconsumeraccess.org