Call any local real estate broker to find out the value of your home. The "Equity" is the increased value of your home compared to what you paid for it. You can use that increase in value (Equity) to borrow money from a bank to pay bills do home improvements etc. This type of loan is called a "second" on your current mortgage. It will increase your house payment.
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Call any local real estate broker to find out the value of your home. The "Equity" is the increased value of your home compared to what you paid for it. You can use that increase in value (Equity) to borrow money from a bank to pay bills do home improvements etc. This type of loan is called a "second" on your current mortgage. It will increase your house payment.