Q:

What is the difference between the amount owed on a home and the homes value called

Answer

That would be referred to as "equity", and if often considered when taking a "home equity loan". ChaCha!

Categorized In: Real Estate

Source: Home Equity Basics, Ch. 1: What equity debt is (Page 1 of 2) | www.bankrate.com

Oct 19 2009, 03:00pm

Comments

No comments yet

Post a Comment

Popular on ChaCha

Related Questions

Is as an independant contractor with a business license- if u make under a certain amount u dont owe taxes. what is that amount
What do I do if I receive a speeding ticket but the officer did not write the amount I owe down
What is the highest amount of kids owed by one couple
How can i lower the amount of debt i owe without having to pay it all off
What are amounts owed two vendors by customers that result from sales on account are referred to as
If someone owes back pay in child support, will that amount be deducted from their income tax return
When on a 100 thousand dollar salary what would be the amount owed for retroactive pay if a 4 percent increase is given for each Year for 3 years and what would the new salary be
What is the maximum amount you may owe on a revolving credit account at one time called
What would a debt consolidation company say to credit card companies, to get them to lower total amount owed and interest rates

Who | What | When | Where | Why | How