What is the meaning of equity in your home?

Answer To calculate the amount of equity in your home, you will need the fair market value of your property and the balance you owe on all mortgages. Different events can cause the amount of equity in you... Read More »

Top Q&A For: What is the meaning of equity in your home

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

What Can You Do If Your Home Equity Line of Credit is Canceled by Your Bank?

A home equity line of credit can give you a financial cushion in case of emergency or to make some major repairs in an older home. Lenders are tightening their rules about accessing a home equity l... Read More »

How to Add Equity to Your Home?

Home equity is the monetary value of a home minus the amount the owner still owes on the property. Equity usually increases over time. You can determine the amount of equity in a home by subtractin... Read More »

How to Access Equity in Your Home?

Accessing your home's equity is a way to avail funds during lean economic times. Banks are usually willing to work with anyone who has sustainable collateral, especially if your credit is good, and... Read More »