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20 Oct Take advantage of security youve produced in your residence financing

If you have been paying off a home loan for some years, chances are you have achieved a level of equity that can be useful in these tough economic times. Even if your home loan is not yet fully paid off, the equity you have built over time can be helpful in several ways: You can use it to consolidate your debts, pay tuition fees for your dependents, fund major home renovations or even pick another property just like the a good investment.

What's equity?

Equity 's the difference between what your property is well worth and you may what you nevertheless are obligated to pay inside.