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What Is a Home Equity Agreement?
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What Is a Home Equity Agreement?
What Is a Home Equity Agreement?: Quick Answer A home equity agreement is an arrangement where a homeowner sells a portion of the equity in their home to an investor in exchange for cash. The homeowner must pay back the amount within a specific period of time or when the house is sold. Home equity agreements let you leverage the increase in your home’s value to help you meet your financial goals. Whether you’re looking to finance a remodel, cons…
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