What is Home Equity?

Home equity is an asset that comes from a homeowner’s interest in a home. To calculate equity, subtract any outstanding loan balances from the property’s market value. Home equity can increase over time if the property value increases or the loan balance is paid down.

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Frequently Asked Questions

A home equity loan is simply a loan that is secured against your property. There are generally two types of Home Equity loans, a fixed-term loan and a line of credit.

  • The fixed term loan is given as a one-time lump sum with a fixed payment, term and amortization.
  • The home equity lines of credit are also secured against the property. However, the rates could either be fixed rates or variable. Also, important to note is just like unsecured lines of credit you pay monthly interest based on the balance owing.

There are many reasons to consider one, including:

  • Last minute expenses
  • Consolidating debt
  • Investment
  • Home improvements.

Every person’s situation is different from the next and we understand that. Not everybody fits into the mold that the bank is looking for and our lenders understand that. We have access to many lenders both institutional and private across the country that are niche lenders making a living off the deals that the big banks will not take. Call us now, we want to hear your story and have an OPPORTUNITY to let you know how we can help you today!

How Can DC Home Mortgages Help?


Over the years our network of lenders has only grown and continues to grow to better service our clients. Whether it be traditional banks, secondary financial institutions, mortgage investments corporations or private lenders we have the right lender for your situation. We can help YOU assess what product is best suited for YOU and always fight to ensure the lender is giving YOU the best rate available!