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Rashid [163]
3 years ago
15

What does home equity mean?

Social Studies
1 answer:
rosijanka [135]3 years ago
8 0

Amount left after subtracting the unpaid debt balance on the property from the current market value as assessed by a valuator. It increases as the debts are paid off and when the value is appreciating. Also called equity. this was on my college exam it took me awhile to get it too


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