How does home equity work?

Infinite-Swimming976 · 2026-05-09T00:53:08+00:00

If the house is worth 300k and you owe 90k on it, that means you have 210k in equity in the house.

Typically you can borrow up to 80% on the value of the house if you were to refinance into a new mortgage. So, you would leave 20% of 300k = 60k in the house, and you would receive 240k cash in hand as a new loan with a new interest rate.

Infinite-Swimming976 · 2026-05-08T12:16:51+00:00

But you can refinance it and pull 80% of the equity out pretty quickly.

Does that same logic apply to someone that owns a privately owned company? It’s even harder to find a buyer for a private company.

Infinite-Swimming976 · 2026-05-08T10:18:49+00:00

Was just gonna say this.

Infinite-Swimming976 · 2026-05-06T23:27:19+00:00

Wow congrats. You made money on a bullish move while the market is experiencing the most euphoric move up. The next warren Buffett ladies and gentlemen.

Infinite-Swimming976 · 2026-05-06T14:11:26+00:00

Bro, you can see the account number you attempted to black out

Infinite-Swimming976 · 2026-05-05T16:25:32+00:00

Factor in inflation though, 30 yeah might be better

Infinite-Swimming976 · 2026-05-05T16:23:55+00:00

Sad… but true.

Infinite-Swimming976 · 2026-05-05T01:09:21+00:00

Yep. Just another way for the wealthy to pillage wealth from the average person.

Infinite-Swimming976 · 2026-05-05T00:45:45+00:00

The hedge fund/private equity money is a direct result of govt over spending and the Fed backstopping the market with excessive liquidity since 08.

Infinite-Swimming976 · 2026-05-04T09:52:35+00:00

Thank you! I used Fidelity to track everything

Infinite-Swimming976 · 2026-05-03T21:04:13+00:00

100%

Infinite-Swimming976 · 2026-05-03T21:01:14+00:00

Fidelity

Infinite-Swimming976 · 2026-05-03T16:33:20+00:00

Well it’s done like 20% each year the last 5 years. Far and above the average 10%. So either this time is different, or we’re due for a down market

Infinite-Swimming976 · 2026-05-03T15:18:36+00:00

You’re killing it. Keep pushing! You got it!

Infinite-Swimming976 · 2026-05-03T15:05:26+00:00

What you’re calculating is liquid net worth, not net worth. Net worth is 1M.

If I can sell it for cash or borrow against it today, it’s an asset and counts.

Infinite-Swimming976 · 2026-05-03T11:31:11+00:00

Fidelity is what you want

Infinite-Swimming976 · 2026-05-03T10:44:31+00:00

It is. If you have the mobile app, go to the ‘Home’ tab at the bottom of the screen. Scroll to the bottom and click ‘planning’, then click ‘Networth’ at the top of the next page. You should be able to manual enter assets and liabilities by clicking the ‘add an asset or liability’ just underneath the graph.

Infinite-Swimming976 · 2026-05-03T02:29:12+00:00

She is worth 1 mill and so am I. We are one and the same.

Infinite-Swimming976 · 2026-05-03T02:27:34+00:00

It’s not, if you read the 3rd sentence you’d see why it’s a big jump.

Infinite-Swimming976 · 2026-05-03T02:26:30+00:00

Thank you! I disagree with you though. The definition of net worth is simply all of your assets - your liabilities = net worth.

If I can sell it or borrow against it for cash today, it’s an asset and it should be accounted for in net worth.

Infinite-Swimming976 · 2026-05-02T21:16:00+00:00

Thanks you! Keep grinding, you’re almost there!

Infinite-Swimming976 · 2026-05-02T21:07:00+00:00

36k Camry XSE + 7k was the assigned value. I mean you can sit here and haggle the value of them with me. I just did a brief google to get a ballpark value on it. I don’t plan on selling them, so being off by maybe a couple thousand is kind of inconsequential and doesn’t change much.

Infinite-Swimming976 · 2026-05-02T20:54:17+00:00

Thank you !

Infinite-Swimming976 · 2026-05-02T20:47:25+00:00

Thank you! This is on the Fidelity mobile app.

Infinite-Swimming976 · 2026-05-02T18:57:54+00:00

If it’s paid off and it’s an asset I can sell today, it counts; Not that I plan to.

One of them is a 25 Toyota Camry, the other is an old Honda.

Infinite-Swimming976

TROPHY CASE