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15 January, 12:35

What is home equity?

a. the closing costs associated with buying or renting a home

b. the difference between a home's market value and the homeowner's 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 its current market price

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Answers (1)
  1. 15 January, 13:10
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    Home equity is the market value of a homeowner's unencumbered interest in their real property-that is, the difference of the home's fair market value and the outstanding balance of all liens on the property.
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Home » Social Studies » What is home equity? a. the closing costs associated with buying or renting a home b. the difference between a home's market value and the homeowner's outstanding loan amount c. the potential rental income that a homeowner can get from the house d.
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