Emily R. Stein

New York-based copywriter, manager, and editor with a deep bench of experience in marketing, communications, publishing, popular media, and the non-profit sector

The K. Hovnanian® Homes Blog •

What is Home Equity and How Do You Use It?

If you’re interested in homeownership, “home equity” might be one of those home buying terms that you come across a lot without being entirely sure what it means.

If you think of your home as a pie, your slice of the pie gradually gets bigger, while your lender’s piece gets smaller. Home equity is the value of your piece of pie.

Home equity can be expressed as either a percentage or a cash value.

To return to the bag of cash example, anyone who buys their home outright immediately owns the wh
The K. Hovnanian® Homes Blog •

How To Save For a House

Especially for younger or first-time homebuyers, the idea of saving up for a home may seem unthinkable. And if you’re someone who’s used to renting, it’s natural to take one look at a home listing with a 6+-figure price tag and go running the other way.

Strategies To Help You Save For a House

If a down payment of any amount sounds like a stretch, stick with us. There are plenty of simple strategies you can employ to start putting money aside today, so that home ownership could be in reach much