Alright, been getting a lot of questions lately around equity. What is it, how can I use it, etc. Let's break it all down. First of all, what is equity? OK, here's an example. Your Asset So we've got an asset, let's say it's our own home that we live in, that has a value of $500,000. Well, according to the banks, we can use up to 80 percent of the value of that home (minus our debt) which becomes the 'usable equity'. So $500,000 x 80% is $400,000. Minus our debt (let's say it