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2. Home equity - Wikipedia

   en.wikipedia.org/wiki/Home_equity

   Home equity is the market value of a homeowner's unencumbered interest in their real property, that is, the difference between the home's fair market value and the outstanding balance of all liens on the property.

3. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Myth #6: Home equity loans always require an appraisal. An in-person home appraisal used to be a standard requirement for financing, allowing for an unbiased licensed appraiser to assess the true ...

4. Home equity: What is it and how can you use it? - AOL

   www.aol.com/finance/home-equity-121018740.html

   Home equity loans: A home equity loan is a second mortgage for a fixed amount at a fixed interest rate. The amount you can borrow is based on the equity in your home, and you can use the funds for ...

5. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan creates a lien against the borrower's house and reduces actual home equity. [1] Most home equity loans require good to excellent credit history, reasonable loan-to-value and combined loan-to-value ratios.

6. Home equity data and statistics: Why they matter to ... - AOL

   www.aol.com/finance/home-equity-data-statistics...

   For example, if your house is worth $500,000, and you still owe $100,000, you have $400,000 of equity. Home equity loan A fixed-rate, lump-sum loan using your home as collateral, also known as a ...

7. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage).

8. 5 ways to build equity in your home more quickly (and ... - AOL

   www.aol.com/finance/how-to-build-home-equity...

   2. Put extra money toward your mortgage payments. Paying $50 to $100 more per month can make a real difference in building your equity and reducing the interest you pay over the life of your loan.

9. Home equity loan vs. HELOC: Which is best for borrowing ... - AOL

   www.aol.com/finance/home-equity-loan-vs-heloc...

   A home equity loan is a type of loan that allows you to borrow against your equity without refinancing. With a home equity loan, you can typically borrow up to 80% of the home’s value, minus ...