Do You Really Understand Your Home's Equity? As a homeowner, you probably think you know all about what your home is worth, what your interest rate really means, what you are paying out every month, and how to access your equity if you needed to. But do you really? If your home is worth $20,000 more today that it was when you purchased it, does that mean you are entitled to all 20,000 of those dollars? Does having equity in your home automatically mean you can sell for a profit? Would you know what your best option was if you needed some equity in a pinch? Check out the scenarios below for a quick equity tune-up.