Learn what financial instruments are, explore major types and asset classes, and understand how they work in investing, trading, and portfolio construction.
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I have $700K in home equity, but a $500K mortgage. Can I use the equity to pay down my home loan?
Technically, you can use home equity financing to pay off a home loan, but that's often counterproductive. The only ways to access home equity are to sell your home or take out new financing, which ...
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