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A key way to use your current home’s equity to buy another. Calculate 80% of the value of sarah’s. To buy a second property using home equity, you borrow money from a lender against the equity—meaning you use the equity as leverage or collateral.
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You’d also pay a total of $3,322 in interest during the life of your loan. Home equity is the value of the homeowner’s interest in their home. In other words it is the real property’s current market value less any liens that are attached to that property.
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