Home equity | Reverse Mortgage Glossary
Home equity
Your home value minus what you owe on mortgages and liens.
Plain English
Your home value minus what you owe on mortgages and liens.
Everyday analogy
Think of this as one piece of a loan puzzle. See our complete glossary or what is a reverse mortgage guide for context.
When this is NOT a good fit
Understanding terms does not mean a reverse mortgage is right for you. Review our eligibility and foreclosure guides before deciding.