WHAT IS EQUITY? | Home Equity Loan | HOW TO BUILD HOME EQUITY

In this video, I’ll share with you the following:
✔️What is home equity
✔️How to calculate equity
✔️What to do with home equity
✔️How you can build your equity

00:00 INTRO
00:56 WHAT IS HOME EQUITY
"The amount of your home that you actually own"
1:35 HOW TO CALCULATE HOME EQUITY
Home equity is the difference between the current fair market value of your home and your mortgage balance.
2:22 WHAT TO DO WITH HOME EQUITY
✔️Source of financing through two types of home equity loan:
1. Fixed Home Equity Loan "considered as a second mortgage" Offered by Maybank Philippines, Security Bank, PNB, and Pag-IBIG Home Equity Appreciation Loan.
2. Home Equity Line of Credit "works like a credit card" Offered by PSBank.
✔️ Treat as a "forced savings account"
09:46 HOW TO BUILD EQUITY FAST

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