Q:

What is home equity

Answer

Home equity is the difference between how much the home is worth and how much you owe on the mortgage. Thanks for using Cha Cha!

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More ChaCha Answers (1)

Home Equity- The current market value of a home minus the outstanding mortgage balance. Thanks for choosing ChaCha!

Dec 25 2008, 10:04am | Source: home equity Definition | www.investorwords.com