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*How much equity do I have in my home?
*I want to renovate. What's the difference between a home equity line of credit and a cash-out refinancing?

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How much equity do I have in my home?


Take the market value of your house and subtract the amount that you still owe on your mortgage. If your house is worth $350,000, but you have $200,000 left to pay on your mortgage note, that means you have $150,000 of equity in your house.


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