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The amount of home equity in the U.S. is staggering.
Over the past 10 years, as interest rates continuously declined to record low levels, there was a refinance boom in the mortgage market.
Wealthy Americans treat their personal assets like a business would treat its balance sheet.
Home equity is the difference between the value of a home and how much debt is owed on the home.
There are a few different ways that you can tap into the equity in your home in order to get some extra cash. These include doing a cash-out refinance, getting a home equity loan, or opening a home equity line of credit (HELOC). Each of these can be used for things like home improvements, ...
You may have more cash in your home than you think. While you might have some under your mattress or locked up in the attic, most of it will come from your home’s equity. With home equity, you can build wealth and meet (or even exceed) your financial goals.