Accessing Your Home Equity the Right Way One of the primary reasons that people consider refinancing their current mortgage is to tap into the power of the home’s equity. While this is the right choice for many people, it is always a process you should study carefully before initiating next steps. How to Calculate Equity The value of your home minus the balance of the mortgage is your home’s equity. You may be eligible to access your home equity, withdraw it, and invest it in several different ways, including post-secondary education, home renovations, additional real estate and more. Different Ways to ...
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