Determining Your Home's Equity

The equity in your home is determined by subtracting your outstanding mortgages or liens from the market value of your property. BB&T generally relies on a professional appraisal to determine your home’s value.

For example, if your home is valued at $100,000, and you owe $50,000 on your mortgage and have no other mortgages or liens, you have approximately $50,000 in equity in your home. At BB&T, you can typically borrow up to 80% of your available equity.

You can increase the equity in your home by paying off your mortgage or by making improvements that increase your home’s value. Remodeling a kitchen or bathroom is an example of an improvement that can increase your home’s value. The market value of your home will also increase if property values in your neighborhood escalate.


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