Is borrowing against your home equity to pay off your mortgage possible, and does it make sense? Here's what you need to know before taking out a home equity loan.

For most people, a home isn't just where they live - it's one of their most powerful financial assets. As you make mortgage payments and your property's value grows, you build home equity, or the ...

Knowing how to calculate home equity gives homeowners a way to understand their home’s worth — and potentially liquidate it for their needs or wants. Your home equity is basically your home’s fair ...

You may be able to use a home equity loan to secure a loan to buy — and potentially improve — a plot of land. A home equity loan might offer better terms and interest rates than other financing ...

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You can use home equity to pay off high-interest debt or improve your home, but it’s important to understand the risks.