What Is Equity in a Home

Equity Explained Simply: Financial Education for Beginners

Equity explained in simple terms. (Investing & Financial Education for Beginners) Transcript: Equity What does it mean? Imagine you've got a mortgage of $400,000 and you've paid half it off you've got $200,000 left to pay making your equity 50% what about if the value of the house goes up by $100,000? you'd still owe the $200,000 but you now ...

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