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. Your home equity is basically your home’s fair market value, minus any outstanding sums owed on it.

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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 borrow against their home, sell a stake in the house ...

Home equity loans are a financial tool that allows homeowners to leverage the equity they’ve built in their homes for different purposes, including home improvements, debt consolidation or funding other major expenses. However, before you apply for a ...

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 to 85% of their home’s value and pay that amount back ...