If you need to know your net worth, use this step-by-step form to figure it out. Knowing your net worth can help you and a lender analyze your eligibility for a loan.
Your net worth is important to know if you’re seeking a loan or trying to make a major financial decision. Simply put, subtracting what you owe (liabilities) from what you own (assets) reveals your net worth. Be sure to read the instructions that accompany this form for correctly valuing your assets.
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