Here’s the deal, the average homeowner in Texas has an estimated $217k in equity. Chances are, you’re sitting on a pretty nice chunk of change too. And while you may not be thinking about selling—especially if you locked in one of those dreamy 3.5% interest rates in 2021—there’s still a lot you can do with that equity.

Here are a few ideas to put that money to work for you:

Crush your high-interest debt: Credit card and auto loans? Say goodbye to those with the power of home equity.

Tackle that renovation you’ve been daydreaming about: Update your kitchen, add am outdoor oasis— whatever’s on your list, your equity can help make it happen.

Start building wealth with an investment property: Many savvy homeowners are using their equity to buy investment properties. Imagine if you owned multiple properties that were all building equity at the same time!

Interest Rates Are Dropping! So, if moving has crossed your mind at all, this could be the perfect moment to get ahead of the rush.