Equity
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How much your home is worth in the market place minus the amount you owe. Ex. Home is worth $300,000; You owe $250,000, your equity is $50,000 ($300,000 – $250,000 = $50,000)
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How much your home is worth in the market place minus the amount you owe. Ex. Home is worth $300,000; You owe $250,000, your equity is $50,000 ($300,000 – $250,000 = $50,000)
« Back to Glossary Index
