{"id":2218,"date":"2014-04-04T23:31:43","date_gmt":"2014-04-04T23:31:43","guid":{"rendered":"http:\/\/fastforwardstory.com\/?p=2218"},"modified":"2014-04-04T23:31:43","modified_gmt":"2014-04-04T23:31:43","slug":"what-is-equity","status":"publish","type":"post","link":"https:\/\/sovereigntitleinc.com\/what-is-equity\/","title":{"rendered":"What Is Equity?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_mfv8ekoda1 dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img src=\"https:\/\/fast.wistia.com\/embed\/medias\/mfv8ekoda1\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Equity is the value YOU own in property such as a house. It&#8217;s the difference between what&#8217;s OWED and what the property is WORTH in the current market.<\/p>\n<p>The example this video shows &#8211; you have a house worth $300,000 today and you owe the bank $200,000. &#160;Your equity would be $100,000.<\/p>\n<p>If the house is valued at $500,000 in five years, and you still owe $150,000 your equity will be $350,000.<\/p>\n<p>Equity grows if the property value goes up or if the amount owed goes down. &#160;The key thing to remember, simple as it sounds, is that you &#8220;own&#8221; increases in value. The bank&#8217;s loan doesn&#8217;t go up if the home&#8217;s value goes up.<\/p>\n<p>Equity in a home can be used as collateral for loans but a house is not a piggy bank. Home equity can become a key financial asset over time; treat it wisely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equity is the value YOU own in property such as a house. It&#8217;s the difference between what&#8217;s OWED and what the property is WORTH in the current market. The example this video shows &#8211; you have a house worth $300,000 today and you owe the bank $200,000. &#160;Your equity would be $100,000. If the house&hellip;<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[8],"tags":[17],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Equity? - Gretna, Hammond, East New Orleans, LA | Sovereign Title Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sovereigntitleinc.com\/what-is-equity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Equity? - Gretna, Hammond, East New Orleans, LA | Sovereign Title Inc.\" \/>\n<meta property=\"og:description\" content=\"Equity is the value YOU own in property such as a house. It&#8217;s the difference between what&#8217;s OWED and what the property is WORTH in the current market. The example this video shows &#8211; you have a house worth $300,000 today and you owe the bank $200,000. &#160;Your equity would be $100,000. 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