Smart Ways to Use Your Home Equity

The real estate and mortgage data company CoreLogic reported at the end of 2024 that New Jersey and Rhode Island saw the greatest year-over-year home equity growth in the entire nation. CoreLogic also noted that the Newark, New Jersey, and the New York City metro areas are in the top 10 hottest real estate markets in the nation in terms of home prices. In this article, I discuss three smart strategies for homeowners to leverage the equity in their homes.