October 2016

October Home Equity Checkup

Posted on Oct 03, 2016

The Home Equity Playbook 
What is Home Equity?
Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. 
Here is a simple example: Current Home Market Value  $325,000 Existing Mortgage  $225,000 
Homeowner Equity is  $100,000 
One side of the equation is well defined, and it...

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