Understanding home equity

Episode 7: Understanding home equity

"In the simplest terms, home equity is the difference between how much your home is worth and how much you owe on your mortgage. Some of the things that you can do to increase the equity or value of your home … is to do some of those things like upgrade kitchen appliances, get a new roof, things of that nature."

— Chase Home Lending Collateral Valuations Group Executive, Dan Hofacker

Whether you’re in the market to buy a home and want to understand its value, or you already own your home and aren’t sure how to make use of your home’s equity — this episode is for you. Nadeska chats with Dan Hofacker, Chase Home Lending Collateral Valuations Group Executive, about the appraisal process and what makes up a home’s equity. You’ll also learn some strategies on how to build home equity so you can maximize the value of your property.

Episode transcript (PDF)