To evaluate your home equity, you may get an appraisal done to estimate the current market value of your home. You can do some basic calculations to get an approximate idea of how much of your home loan has been paid off, and what amount, including interest, is still remaining to be paid. If the market value of your home is considerably higher than the loan amount remaining, that difference is effectively your home equity. Home equity loans are much cheaper than other consumer loans, and you can avail of this advantage to refinance your timeshare at a low interest rate. For more info, see How to Get Home Equity Loans for Timeshares
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