Serving Central Oregon

How much Equity do I have in my home?

March 19, 2023

Anna Tsvyetkov

Broker/REALTOR®
Keller Williams Realty Central Oregon

To determine how much equity you have in your house, you will need to subtract the amount you still owe on your mortgage from the current market value of your home.

For example, if your home is currently worth $500,000 and you still owe $300,000 on your mortgage, your equity would be $200,000 ($500,000 – $300,000).

It’s important to note that the value of your home can fluctuate over time based on a variety of factors such as the local real estate market, renovations or repairs made to your home, and general economic conditions. Additionally, the amount of equity you have in your home can also be affected by your mortgage terms and any liens or other encumbrances on the property.

To get a more accurate estimate of your home equity, reach out to me to get your estimate.

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Anna Tsvyetkov

Anna Tsvyetkov was born in the beautiful city of Sevastopol and moved to Portland, Oregon at a young age. In 2018, Central Oregon became Anna and her family’s new home. She fell in love with what this area has to offer such as the variety of cuisines and the outdoor activities.Anna brings her professionalism and work ethic from her photography business into her real estate career. Her ability to understand clients and capture their vision has resulted in her being recognized as one of the Best of 20 Wedding Photographers of Central Oregon per Expertise.com in 2021. Clients choose to work with Anna for her full-service firm, ethics, experience, and expertise.Helping you sell your house, find you a home, and bringing you the best experience along the way, is what she strives for. Anna is driven to make every transaction as smooth and stress-free as possible. She recognizes that her clients should be prioritized over all else, staying committed to their interests and decisions.