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what is equity and how does it work

The bank or mortgage lender loans you a large chunk of money (typically 80 percent of the price of the home), which you must pay back — with interest — over a set period of time. If you fail to pay back the loan, the lender can take your home through a legal process known as foreclosure.

I had started as a young equity analyst at one of the largest mutual fund firms. Perhaps I am still learning about how.

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