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Posted in Retirement
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snowhite1

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what's best way to free up equity on home with no mortgage without selling?
Purchased current prime residence in May 2006 for $799,900. Since have added $190,000 in improvements (pool, pool house, fencing, patio and interior improvements. Have no mortgage. Would like to free up equity for retirement expenses without selling. My goal is to buy time so value recovers. Current Z estimate is $582,000 without including improvements.

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home equity lone...google it

it's a loan where the house is the security - if you don't pay the loan back they can force you to sell the house to pay off the loan

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