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How to calculate your home equity — and how much you can tap
Knowing how to calculate home equity gives homeowners a way to understand their home’s worth — and potentially liquidate it for their needs or wants. To calculate your home equity, take your home’s ...
Mary Beth Eastman is a contributor to Buy Side and finance expert, specializing in loans, mortgages and insurance. Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side ...
Home equity is the portion of a house that the homeowner holds outright — the difference between the house's value and the total amount they owe on the home. As their equity increases, homeowners can ...
To calculate your home's equity, subtract the balance on all debts secured by your home – including your primary mortgage and any secondary loans – from your property's current appraised value. The ...
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