Borrowing against home equity

Author: External Author | | Categories: First Time Home Buyer Mortgage , Mortgage Broker , Mortgage Rates , Private Equity Investors , Private Mortgage Lending , Refinance Mortgage , Self Employed Mortgage

Mortgage Broker Bradford

Home equity is the difference between the value of your home and how much you owe on your mortgage.

For example, if your home is worth $250,000 and you owe $150,000 on your mortgage, you have $100,000 in home equity.

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Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-09-15

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/borrow-home-equity.html



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