Home equity has doubled, but how do you get the money?

(CNN)– Homes in the U.S. are worth a collective $33 trillion, that’s more than double their value from 2017.

USA Today reports the Nation’s Home Equity, which is how much all the homes are worth minus the mortgage debt, is at a record high.

However, most homeowners aren’t necessarily able to liquify the equity in their home, especially if they aren’t selling their house.

According to experts, to access that equity, homeowners should avoid a cash-out refinance where rates might not be in their favor.

Instead, they may want to consider a home equity loan.