How Much Equity Is in Your Home?
Freshome Design & Architecture Magazine
MARCH 22, 2020
ITTIGallery/Shutterstock. Understanding home equity. When you take the current market value of your home that you receive after an appraisal and subtract it from the amount you currently owe on your mortgage, that’s your home’s equity. Your home equity is how much of the property that you truly own. This is the formula you will use to answer the question, “How much equity is in my home?
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