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Bookmark or Share- Home Equity: What It Is, How It Works, and How You Can Use ItHome equity is the current market value of your home, minus any liens such as a mortgage. You can leverage your home equity by using it to back a home equity loan or a home equity line of credit....
- What Is Home Equity And How Can I Use It? | Rocket MortgageHome equity is the amount of your home that you actually own. Specifically, equity is the difference between what your home is worth and what you owe your lender. As you make payments on your mortgage, you reduce your principal – the balance of your loan – and you build equity.
- How to Calculate How Much Home Equity You Have | BankrateHome equity. Your equity is basically the difference between your home’s value and the amount you owe on your mortgage (and any other loans against the home)....
- Home Equity: What Is It And How Can You Use It? - BankrateHome equity is the difference between the current value of your home and the outstanding balance of your mortgage — in other words, the portion of your home’s value you own outright.
- What Is A Home Equity Loan And How Do You Get One? - BankrateA home equity loan allows you to borrow a lump sum against your home's equity, usually at a fixed interest rate that’s lower than other forms of consumer debt.
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