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Season 2, 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)

Season 2, podcasts available in English only

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Season 2, Episode 1

Buying Your First Home: From Dream to Down Payment

 

Hear common questions from those thinking about buying a home. Learn how to enlist a home lending expert to determine your budget and how to think about home priorities from location to amenities.

City vs. City

Explore similar homes in different places with Ryan Serhant.