answersLogoWhite

0

Equity is current market value of the property minus debt (what is owed on the property). For example, if your property is worth %500,000 and your balance in your mortgage is $400,000, your equity is $100,000. If you have any more questions you can ask a real estate agent, loan officer, or an appraiser.

User Avatar

Wiki User

18y ago

Still curious? Ask our experts.

Chat with our AI personalities

MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: How is housing equity calculated?
Write your answer...
Submit
Still have questions?
magnify glass
imp