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11 October, 12:24

What is home equity?

A. The closing costs associated with buying or renting at home

B. The difference between a homes market value and the homeowners outstanding loan amount

C. The potential rental income that a homeowner can get from the house

D. The difference between the purchase price of the home and it's current market price

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Answers (2)
  1. 11 October, 14:13
    0
    C. The potential rental income that a homeowner can get from the house
  2. 11 October, 15:26
    0
    The answer is B: The difference between the home's market value and the homeowner's outstanding loan amount.
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