This is used to describe an asset that is created from a homeowner’s interest in a home. It can also be defined as the part of the home that the homeowner truly owns. This means that if the money used to purchase the home was borrowed, then part of the home belongs to the lender until the loan is fully paid off. This equity is very valuable to the homeowner since it can be used in the future.

To calculate your home equity, all you have to do is subtract your mortgage balance from the current appraised value.

With Yasbank, your home equity is safe. All you have to do is contact one of our agents.