How much equity do I need for a home equity loan?

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Solution

For a home equity loan, one must have 15 percent to 20 percent equity or a credit score of 650 to 700. Home equity loans are based on an individual’s credit score, the appraised value of the property which is compared to the fair market value.

Also see:

What Are Equity Shares?

Difference Between Venture Capital and Private Equity

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