mortgage & home loan refinance | vase at home

Equity

Equity

Home equity is calculated by subtracting the amount owed on any mortgage loan(s) from the fair market value of the property. Equity can be expressed in dollars or in percentage form. For instance a homeowner with a house worth $200,000 with a loan balance of $150,000 can be said to have an equity stake of $50,000 or a 25% equity stake.

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