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07-16-2009, 01:14 PM #1
Renter
- Join Date
- Jul 2009
- Location
- Melville, NY, USA
- Posts
- 13
Gregg Marcus: How Home Equity Works
What is Home Equity?
Your home equity is the appraised value remaining in your home after you subtract the remaining balance you owe on your existing home mortgage(s). It can be thought of as the part of the home you actually own instead of the bank: the part you



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