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Home equity calculator
Should you borrow from your home equity?
The appeal of home equity borrowing resides in the low interest rates, tax deductibility of interest and growing equity a homeowner builds over time. but home equity also represents a valuable asset and emergency borrowing capacity. Is now the time to borrow your home equity? Does your current situation make home equity a sensible borrowing option or not?
How much equity do you have?
(equity = home value - (mortgage balance + other liens or home loans))
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