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Understand home equity lending and how lenders can acquire home equity customers

Clear Capital

If a borrower owns a home valued at $500,000 and they owe $250,000 on their mortgage, they can refinance with a $300,000 mortgage and take the $50,000 difference in cash. What can customers do with home equity loans? Determine tappable home equity for your existing customers.

Lending 36
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What Is Private Mortgage Insurance?

Assurance Financial

Downloadable Guides. Click here to download the file. Click here to download the file. For example, on a conventional mortgage issued by a bank, you may have a higher PMI than you would on a Federal Housing Administration (FHA) loan. If the value increases by more than 20%, you may be able to cancel your PMI.