Top Advice on Home Equity Loans

Posted by on June 30th, 2008 at 11:27pm

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Top Advice on Home Equity Loans By Ray Lam on Jun 30, 2008 in Finance | 0 Comments by Ray Lam Your house serves as collateral with home equity loans. Just owning your home doesn’t mean that you can get a home equity loan. The equity is equal to the value of your home minus the amount you still owe on it. So, if market price of the home has fallen or you have just bought your home lately, you might not have any equity remained in your home. Home equity loans are based on equity in your home.

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