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Unlock Your Home's Potential: The Equity Loan Explained
A home equity loan is a loan that allows you to borrow against the value of your current property. Let's say you sell your house for $200,000 and owe the bank $100,000. The remaining $100,000 is considered the equity in your house. With a home equity loan, you can typically access up to 80% of that amount, depending on the bank's policies. In ...
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