What is the definition of home equity?

Answer Home equity is the current market value of a home minus any debt owed on the home. This is the percentage of the home that is owned free and clear of any debt.Source:Investor Words: Home Equity

Top Q&A For: What is the definition of home equity

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

Is taking out a home equity loan or refinancing a home better?

On One Hand: Cash-Out RefinanceA cash-out refinance is best if interest rates have fallen since you took out your mortgage. The cash-out refinance will lower the interest rate on the entirety of yo... Read More »

How soon after buying a home can you obtain a home equity loan?

In some cases, you can apply immediately. Home equity loans are based on the value of the home versus the amount owed. Those who bought below market value or who had large down payments will have m... Read More »

The Definition of Equity Stocks?

Equity stocks are the means of ownership in a corporation. The corporation issues shares of stock that give the purchaser a partial ownership interest. The equity in a corporation is the net value ... Read More »