WHAT IS HOME EQUITY? — SIMPLY EXPLAINED • Home equity = market value − loan balance • It grows as you pay down your mortgage • It also grows when home values rise • It’s a financial asset you control • Can be accessed through refi, HELOC, HEI, or equity loans Home equity is the portion of your home you truly own — and it’s one of the most powerful tools in personal finance when used strategically. At The Onyx Group Mortgage, we help homeowners understand, grow, and use equity the smart way. 📲 A