Question

How do you build home equity?

Answer 1

The following are a few ways to increase home equity:

Wait for the value of your home to increase.

Increase your down payment.

Invest in remodeling and home improvement projects.

Make bigger and/or additional mortgage payments.

Discover unique sources of income.

Refinance and shorten your mortgage loan term.

Also read:

• Debt to Equity Ratio
• What Is Equity?
• What Are Equity Shares?