what does home equity mean
ContentsReverse mortgage servicer payReverse mortgage servicerHome equity loanHome price appreciation averagedCar worth $15When you own something like a home or a car, it can build up equity. Equity is the value of your property less the balance of your financing. You can use equity to secure loans. In the case of a home, you can also use equity to secure a line of credit. Your property secures the loan.how to buy a fixer upper with no money down Should You Buy A Fixer-Upper? - Get Rich Slowly - Speaking as the wife of an ex-carpenter, if you buy a fixer-upper with the expectation that you'll do the work yourselves, than you'll live in an unfinished, unfixed up house.. We are willing to do this because we will still have money…