Equity Withdrawal

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Equity Withdrawal

1. The act or practice of borrowing against the value of one's home. One may withdraw equity only if the value of the home exceeds the remaining mortgage (otherwise, the borrower has negative equity). One may make an equity withdrawal to fund home improvements, a new home, an education, or almost anything else. See also: Home equity loan.

2. The amount by which the sale price of real estate exceeds the amount the seller paid for it.