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We hear about home equity loans all the time, but what exactly are they? If you own a house or want to buy a house and you want to know how to extract some of the value in the form of cash, a home equity loan would be your best move. If you have a home that has equity in it, you can use that equity to buy a lot of really cool things. Kris Krohn was able to retire at the age of 26 because he was able to access equity out of his houses and buy more assets.