When you buy a house in Vancouver, you have to take out a loan. During the repayment of the loan, equity is built on the house. The equity of your house is the total discrepancy between the price you paid for it and the amount of the loan. If you owe $250,00 on a $4990,000 house, then you have $150,000 worth of equity. Here are some tips to home equity that may apply to your condition,...
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