Could somebody please explain equity and how to find out how much equity is in a home. Thanks Heidi[ Edited by htanguay on Date 11/02/2003 ]
Equity in a business venture is the value of the owners share. In the case of a house, subtract the balance of the loan from market value and you have equity.
Equity in a business venture is the value of the owners share. In the case of a house, subtract the balance of the loan from market value and you have equity.