by Maureen Kane 
Some Highlights
- Equity is the difference between what your house is worth and what you still owe on your mortgage.
- The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
- To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).
