Owning a home is a significant milestone for many people. Along with the pride of homeownership comes the concept of home equity, which plays a crucial role in understanding the financial value of your property. Let's delve into what home equity is, how it works, and why it matters. [caption id="attachment_344" align="aligncenter" width="1920"] Understanding Home Equity: What It Is and How It Works[/caption] What is Home Equity? Home equity is a fundamental concept for homeowners, representing the financial stake you have in your property. It's essentially the amount of ownership you have in your home, calculated by subtracting the outstanding...