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The Equity in Your Home

Homeownership

Are you considering a home equity loan? Determining the amount of equity you have in your home is your next step.

The amount of equity that you have in your home is calculated by the loan-to-value ratio of the home and the ratio requirement of the lender. To calculate your loan-to-value ratio, take the total mortgage debt and dividing it by the current, appraised value of the home. Knowing the equity you’ve worked hard to build is easy when you use Central Bank’s home equity calculator.

 

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The information provided in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its affiliates and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.