Equity reflects the difference between the value of the home and the outstanding amount owed on the mortgage. If your home is valued at $200,000 and you have already paid off your mortgage, your home equity is $200,000. If you still owe $50,000 on your mortgage, your equity is $150,000.
Housing Equity Print
Modified on: Tue, 29 Mar, 2022 at 8:10 AM
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