Many people dream of owning a home. But most people don’t realize that it’s about more than having a nice place to live. After a few years, you can usually sell your house for more money than you paid.
This increase in value is called equity. Equity is important because you can borrow money from it to pay for other things like education, a car, repairs on your home and more.
You can use equity to pay for important things. Here are some possibilities: