<span>No, she is not correct. She has only $30,000 in home equity. Equity is the value of ownership in an asset minus any debts owed on it. $315,000 minus $285,000 is $30,000.</span>
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.
Native resistances delayed the progress of colonization. An example of this is the Pueblo revolt. As a result of the Pueblo revolt Spanish colonization slowed and the Native Americans were able to hold off the Spanish for a brief period of time,
