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Home Equity
Home equity is the difference between what a home is worth in the current real estate market and how much the homeowner owes on it (for example, if a home’s appraised value is $225,000 and the outstanding mortgage balance is $75,000, there would be $150,000 of home equity).
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Home Equity Conversion Mortgage
When you apply for a reverse mortgage, lenders must conduct...
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Recent Articles
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