If you need an affordable loan to cover unexpected expenses or pay off high-interest debt, you should consider a home equity loan. A home equity loan is a financial product that lets you borrow against your home’s value. Keep reading to learn how to calculate your equity.

If you’re looking for a loan to renovate your home or pay down another debt, you might have an opportunity to use the equity you’ve already invested in your home. Read on to learn more about home equity loan requirements and answer your home equity loan questions.

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When you build equity, you own more of your home (by owing less, compared to your home’s value). Equity increases with payments and improvements. Image by Elise Degarmo © The Balance 2020 Building equity is one of the primary financial benefits of homeownership. You don’t notice it while it’s happen

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