Home Equity: Build It, Use It or Pay Down Your Mortgage?

Home equity can be one of the biggest financial benefits of homeownership, but what should you do once you've built it? This week on Real Estate Today, we explore how homeowners can estimate their home equity, decide whether to leverage it or let it grow, and make improvements and upgrades that could help build more equity over time. Learn which types of homes tend to appreciate the most, common misconceptions about home equity and whether paying off your mortgage as quickly as possible is always the smartest financial strategy.

Guests include Michael Perna, REALTOR® and CEO of The Michael Perna Team in Detroit, Michigan, and Jack Mullen, private wealth advisor at Merrill Lynch in Chicago.