home equity

[joy]

Dear Sir,
please tell me how home equity can be beneficial to me if I am a
1. salaried person
2.professional builder

thanks
joy

[Bill Fry]

Equity in a home is simply the value of the home compared to what you owe on it.It appraises for 200k,you owe 50K,you have 150K
of equity.I dont understand what your question has to do with that.