Equity in your home = fair market value - outstanding balance. If your home is worth $125,000 and you have an outstanding balanc

Question

3 years ago

11

e of $36,000, what is your equity?

2 answers:

mamaluj [8] · Answer 1 · 2022-03-31T08:43:01+03:00

8 0

Answer:

89,000 I think

Step-by-step explanation:

just subtract 125,000 by 36,000

although Its a guess

Vanyuwa [196] · Answer 2 · 2022-03-31T10:20:30+03:00

5 0

Answer:

$89,000

Step-by-step explanation:

To find your equity, subtract the outstanding balance from your home value:

125,000 - 36,000

= 89,000

So, your equity is $89,000