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torisob [31]
3 years ago
9

What does Home equity mean?

Social Studies
1 answer:
blagie [28]3 years ago
8 0
Home equity means the market value of owner's "unencumbered" interest of their land or property. The property's equity increases once the person, who loans the amount to buy the house, will make the payments against the mortgage balance. Home equity is another term for real estate value.
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Explanation:

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Learn more about inventory here:- brainly.com/question/24868116

#SPJ4

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