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Real Estate & Home Guide How to increase home equity and get more bang for your buck

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Posted: Wednesday, November 8, 2017 10:08 am

Looking to sell your house this fall? It’s time to talk home equity. You’ve probably heard the phrase a hundred times, but it’s often unclear what it really means — or what you need to do to change it.

“Home equity is the value in your home that’s net of debt,” said David Fitzell, senior vice president of mortgage lending at Howard Bank. “If you had a $200,000 house price valuation, then you had a $150,000 mortgage balance, you’d have $50,000 in equity.”

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