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Web the portion of your home that you actually own is known as home equity. Web “home equity” is a term that gets used a lot, but many people don’t really understand what it means and how it can. You can borrow against it by getting a second. Equity can be a powerful financial tool that you can use. Home equity is the difference between your home's value and the amount you still owe on your. Web equity is the market value of your home minus what you owe. Web your home equity is your personal financial investment in your home. Generally speaking, it's your home's fair.