Home Equity

Home equity is the difference between what a home is worth in the current real estate market and how much the homeowner owes on it (for example, if a home’s appraised value is $225,000 and the outstanding mortgage balance is $75,000, there would be $150,000 of home equity).

Jump to…

Home Equity Conversion Mortgage

When you apply for a reverse mortgage, lenders must conduct...

See More arrow

Home Equity Line of Credit

When you apply for a reverse mortgage, lenders must conduct...

See More arrow

Recent Articles

What is a Lender Credit?

What is a Lender Credit?

Many banks and mortgage lenders often offer borrowers lender credits to help pay for closing costs. Here we’ll discuss lender credits in...

read more

Find out if a GoodLife Home Loans reverse mortgage is right for you.