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Financing & Equity
The world of home financing is an interesting place. The longer you are involved in it, typically the more options become available to you. This process is started by simply paying off your mortgage. As you make payments on the principle of the mortgage, your equity grows. Equity is a fairly easy thing to figure out. Simply take the value of your home, subtract from that the amount that is still outstanding on your mortgage and you have your equity.
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