Equity-what Is It And How To Know

Could somebody please explain equity and how to find out how much equity is in a home.

Thanks
Heidi[ Edited by htanguay on Date 11/02/2003 ]

Comments(1)

  • bobo228th October, 2003

    Equity in a business venture is the value of the owners share. In the case of a house, subtract the balance of the loan from market value and you have equity.

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