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

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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