Sentences with phrase «between borrowing against your home»
What's the difference between borrowing against your home equity and putting your money in the market, rather than using that cash to build more home equity?
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Your CLTV shows the relationship between your home's value and the total amount of money you've borrowed against that value.
Because you can only borrow against the equity you already have (i.e. the difference between your home's value and your mortgage), you may have to arrange — and pay for — a home appraisal.