home equity loans
![a small paper house with coins stacked in front of it](https://www.esmlaw.com/wp-content/uploads/2023/06/home-equity-400-x-268-px.png)
Your Home’s Equity Matters
Every time you make a mortgage payment or if your home’s value rises, you build your equity. But what is equity? It’s the difference between what you owe on your mortgage and what your home is currently worth. An equity example: If you owe $250,000 on your mortgage and your home is worth $350,000. You now […]
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Long-Term Advantages of Home Ownership
There are two big tax benefits you receive when owning a home: You can deduct the mortgage interest that you pay each year and you can deduct at least a portion of your property taxes. Mortgage Interest Deduction The most valuable tax benefit is the mortgage interest deduction. This perk allows you to deduct the […]
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