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Reply: 1.1.1 From: Ian Findlay Hi Duanne, From your figs. House value $160k, you owe 120k. You have $40 equity but remember the bank will only (usually) lend upto 80% on value of your house. So 80% of $160 is $128k. You owe $120 which means you have $8k available equity. Else talk to Rolf...