You take your car in for service and see your doctor for a physical — Is it time for an equity check on your home?

The headlines are filled with news about how up to 25 percent of homeowners in some areas owe more on their mortgage than their property is worth. What the headlines do not trumpet, however, is that 35 percent of all U.S. homeowners own their property free and clear. While you may not be considering selling your home, it is still extremely important that you know how much equity you have (or don’t have) in your home.

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