Jordi Salas / Getty Images It might not make sense to use your home equity to pay off your mortgage. Key Takeaways Technically, you can use home equity financing to pay off a home loan, but that's often counterproductive. The only ways to access home equity are to sell your home or take out new financing, which comes at a cost. The nearly 50% rise in home values over the past six years—from $243,398 in November 2019 to $359,241 in November 2025—has helped many homeowners enjoy a surge in home equity ...

文章核心观点 - 文档内容主要为杂乱的文本和抵押贷款申请表格字段 无法识别出明确的新闻核心观点或主题 [1][2][3][4][5] 作者信息 - 作者Ernest Hoffman是Kitco新闻的加密货币和市场记者 拥有超过15年媒体从业经验 [4] - 作者于2007年开始从事市场新闻工作 曾在加拿大蒙特利尔建立CEP News的广播部门 [4] - 作者拥有康考迪亚大学新闻学学士学位 [4]

PITI is an acronym for principal, interest, taxes, and insurance. These are the four primary components of a monthly mortgage payment. Here's how each of these four categories affects your payment. MORE: Read our guide for first-time home buyers. PITI meaning fully explained When buying a home, there are plenty of acronyms to unravel, including APR, PMI, DTI — and PITI. Let's break down PITI: Principal The mortgage principal is the remaining balance of the amount you borrowed to buy a home. For exam ...