5. HOW DO I CALCULATE THE EQUITY IN MY HOME?

You can calculate how much equity exists in your home by using the following equation:
PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY

To do so correctly, you first need to calculate how much home equity you have by following the formula mentioned above. Once you’ve determined your home’s equity, with MASS Mortgage Group’s home equity loan, you can have access to a portion of your home’s equity within ten days.