In simple terms, the word "mortgage" is an account payable in which your house is the collateral. The asset acquired for the house is $315,000 but this value should be subtracted with the mortgage amount, $285,000 to calculate for the equity.
equity = $315,000 - $285,000
= $30,000
Thus, the home equity Julie has is only $30,000.
Go to the app store if you’re on a apple device click on the icon on the top right of your screen go to subscriptions then cancel
I think B... Hope that helped :)
Answer:
false
Explanation:
