How a home equity loan works?

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how it works is they take the equity out from your home lets say for example you bought your home at 100,000 and after 2 years its worth 150,000 so bank will give you the money depending on your credit you dont want to get more than 75 % of the value because there are panelties out here in alberta canada I dont know about your place 50000 is caled the home Equity that you gained in 2 years


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