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If you’re in the market for a house and you’re wondering, what exactly is home equity, you’ve come to the right place. We’ll break down exactly what home equity is and how homeowners may benefit from it.

Home Equity is the difference between what your home is worth, and any loans or debts you have recorded against its title. Home Equity represents the "paid off" portion of your home. In a purchase, your down payment is an example of you putting equity into your home.
Scott Ridgeway
Branch Manager / Loan Officer
YOUR MORTGAGE PROFESSIONAL
for Buying, Building, & Refinancing
Licensed in WA, OR, ID, CA
NMLS #50685
Local in Richland, WA
Direct: 509.539.1039
powered by:
Cornerstone First Mortgage, LLC
NMLS #173855
Main Office Support - Melissa Engle
5306 Pacific Hwy East, Suite B
Fife, WA 98424
Phone: 253.344.7996
© 2026 Cornerstone First Mortgage, LLC supports Equal Housing Opportunity. NMLS ID# 173855. This is informational only and is not an offer of credit or commitment to lend. Interest rates, products, and loan terms are subject to change without notice and may not be available at the time of loan application or loan lock-in. Contact Cornerstone First Mortgage, LLC to learn more about your eligibility for its mortgage products. Loans are subject to buyer, builder, and property qualification. Cash reserves may be required. Cornerstone First Mortgage, LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. (www.nmlsconsumeraccess.org)
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