The term ‘home equity’ is one that you probably will hear a lot about as you venture into homeownership, apply for a second mortgage, or refinance your current mortgage. Because many lenders and real estate agents are so close to the subject, they may assume that you are as well versed in it as they are. So let’s take a moment to understand precisely what home equity is.
By definition, home equity is the invested value you have, as a homeowner, in your home.
Continue reading What is home equity and why is it important? at Movement Mortgage Blog.
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via Naza Finance Blog
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