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Home equity is the current market value of a home minus any outstanding liens or mortgage balances. For example, if your homes' market value is $80,000 and you owe $20,000 on your mortgage, then you have $60,000 equity in your home.

You can always refinance your home equity loan and get additional cash. We suggest LowCostLending for all your refinancing needs - you will get multiple offers from multiple lenders and you can select the best.

 
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