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We are left with a home worth $310,000 - not $415,000. 'The agreement says she would pay off her loan and deed the property to us. Now that it has been flooded, it is no longer worth $415,000.' ...
So if your home is worth $400,000 and you owe $250,000, you might qualify for a HELOC of up to $90,000.
My net worth is roughly $3.5 million with $1 million in a brokerage account that generates roughly $36,000 a year in interest and dividends and the rest in IRAs (90% traditional and 10% Roth) and ...