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2. How to calculate your home equity — and how much of it you ...

   www.aol.com/finance/calculate-home-equity...

   Your home equity equals the current value of your home minus your current mortgage debt. Assume your home’s current value is $410,000, and you have a $220,000 balance remaining on your mortgage.

3. Should you use a HELOC to pay off your mortgage? - AOL

   www.aol.com/finance/heloc-pay-off-mortgage...

   Chance for a lower rate: If your current mortgage has a higher interest rate and the HELOC has a lower rate, you can use the funds from the HELOC to pay off your mortgage sooner for less. This ...

4. Can I Use a HELOC to Pay off a Mortgage Faster ... - AOL

   www.aol.com/heloc-pay-off-mortgage-faster...

   2. You must have an acceptable debt-to-income (DTI) ratio. Your DTI includes all your debt, such as credit cards, auto loans, student loans, and mortgages.

5. 4 ways to get equity out of your home — and what to know ...

   www.aol.com/finance/how-to-get-equity-out-of...

   Typical interest rates on home equity loans are lower than those of the average credit card and personal loan, and tapping into your home's value to pay off high-interest debt could significantly ...

6. What is a HELOC? - AOL

   www.aol.com/finance/heloc-home-equity-line...

   While a HELOC works like a credit card — giving you a maximum amount you can borrow with a variable interest rate — a home equity loan works more like your mortgage. You get a lump sum of ...

7. How much equity can I borrow from my home? (And why isn ... - AOL

   www.aol.com/finance/much-equity-borrow-home-why...

   But they do have higher interest rates than cash-out refis: A monthly payment on a 20-year home equity loan of $70,000 at 9.1 percent is currently $634.32. If you don’t have the income to ...