Equity is the difference between the market value of your home and the amount you owe the lender who holds the mortgage. 1 Put simply, it’s the amount of money you’d receive after paying off the mortgage if you were to sell the home

house hacking is a strategy that involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home

leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment.