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How to Calculate Home Equity

Savings Corner

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. You can determine your level of equity on your own, as well. Cash-out refinancing: With a cash-out refinance, you replace your existing mortgage with a new, larger mortgage. Here’s how.

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Down Payment on a House: How Much Do You Really Need?

Savings Corner

NerdWallet’s Best-Of Award Winner Best Mortgage Lender For Cash-Out Refinancing NBKC: NMLS#409631 5.0 It offers a significant volume of cash-out refinancing with unusually low origination fees. With low- or no-down-payment loans, you pay for the guarantee through fees or mortgage insurance , depending on the program.