Categorized In: Finance & Economy
Source: Home Equity Basics, Ch. 1: What equity debt is (Page 1 of 2) | www.bankrate.com
Description: Equity is the difference between how much the home is worth and how much you owe on the mortgage
Oct 22, 10:45am
Debt is what you owe. And equity is the difference between how much the home is worth and how much you owe on the mortgage.