Okay just trying to make sure I understand. You paid $X (unknown) for house, You put $10,000 down, your original loan was $190,000. You've probably paid down $40,000 on that $190,000 loan. You're saying the house is now worth $X, which gives you $190,000 in equity.

Your question is: What should you do?

IF YOU ARE DISCIPLINED: I'd consider getting a home equity line of credit ("HELOC") against the equity in your home. Basically that is a line of credit - like a credit card.

BUT......

I personally would only do that if you are disciplined, won't use it, it's only there for some unforseen emergency. Because you are effectively using the equity in your home as a potential credit card. And the interest rate will be prime + points, so it's like a credit card interest rate. This is exactly what got people in huge trouble in the 2007 recession.

But in an uncertain financial environment it can be a positive to have access to cash if you absolutely need it

Talk to your financial advisor, if you have one. And if you will be tempted to use a HELOC for wants, rather than needs - new car, vacation, etc. - don't even open the door.