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 »

What is the definition of equity index funds?

Equity index funds are popular investment choices. With the widespread growth of exchange traded funds, or ETFs, the opportunities for index fund investing continue to expand.IdentificationEquity m... Read More »

What is home equity balance?

When mortgage rates are low, homeowners often choose to take out home equity loans. In order to take out a home equity loan, there must be some equity in the home itself. In order to determine, the... Read More »

What is home equity withdrawal?

Home equity withdrawal, or mortgage equity withdrawal, allows homeowners to convert the equity in their homes to cash. But the phrase can be misleading. It isn't a withdrawal from savings; home equ... Read More »