5 Smart Ways to Build Home Equity Faster

5 Smart Ways to Build Home Equity Faster

  1. Increase your downpayment. The smaller the mortgage, the less time you spend paying down interest, the lower the interest paid.
  2. Increase the size of your monthly payments, or pay bi-weekly….26 half payments per year is akin to 13 months, not 12 month’s worth of payments.
  3. Renovations done wisely and cost-effectively add value to most properties.
  4. Minor upgrades can add value too.
  5. Refinance to a lower rate to shrink your monthly payments, freeing up more money for additional principal payments or renovations to boost equity. (COMPASS)
    7/20/2025