Home equity represents the difference between a home’s fair-market value and the outstanding balance of all liens on the property. As a consumer makes payments against their mortgage balance, their equity in the property increases. Equity can be acquired from two sources: A downpayment and the principal portion of any payments made against the mortgage; and an increase in the property value.
We have a new home!
We’ve changed our name and have moved to a new website at doma.com, but don’t worry – the team formerly known as North American Title Company remains the same. We look forward to continuing to work with you!
