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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 ...
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 ...
Most lenders require a certain amount of equity to qualify for a reverse mortgage, but the exact amount can vary.
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...
Caroline Basile is Forbes Advisor’s student loans and mortgages deputy editor. With experience in both the mortgage industry and as a journalist, she was previously an editor with HousingWire, where ...
As the housing market unraveled in 2008, millions of homeowners saw their equity vanish overnight, leaving them underwater on their mortgages. Fast forward to today, and the story couldn’t be more ...