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Mortgage Brokers & Lenders
HomeForumsMortgage Brokers & LendersRefinancing options...how to calculate how much equity we have...
Quang Nguyen's profile image
Quang Nguyen's profile image
Quang Nguyen
  • Real Estate Agent
  • from Mississauga, Ontario
  • Member since Jul 1, 2016
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Quang Nguyen's profile image
Quang Nguyen's profile image
Quang Nguyen
  • Real Estate Agent
  • from Mississauga, Ontario
  • Member since Jul 1, 2016
Connect
Quang Nguyen
  • Real Estate Agent
  • Mississauga, Ontario
6
Votes |
42
Posts
Mortgage Brokers & Lenders

Refinancing options...how to calculate how much equity we have...

Quang Nguyen
  • Real Estate Agent
  • Mississauga, Ontario
Posted May 16 2017, 19:12

my parents bought a house back in 1999 for around $244k and have around 60-70k left on the mortgage. The market in our area is exploding and the value around our area is $600-700k.

I was wondering what kind of options does my parents have with the amount of equity and appreciation they've built up for 18 yrs. 

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