Do you loose value in the house when you borrow from the equity?
You misspelled the word "lose." "Loose" is the opposite of "tight."
It's like if you needed $5000 to buy a car, and you borrowed $3000 from your father and $2000 from your uncle. The difference between what your home is worth and the total principle you still owe is called equity. As you continue to make payments, and the value of your house appreciates, your equity grows. That equity can be used as collateral; you can borrow against it.
Does the equity in a house add up from yourself and the previous owner and can you get it after you sell the house?
Absolutely! Home equity loans enable homeowners to get cash out of the equity in their home. As Homeowners pay down their mortgage, they build equity; equity is also built as a home’s value increases. You can borrow against your equity in your home. To check out more about home equity loans visit LendingTree.
Equity release is re-mortgage plan that makes it possible to release equity on a mortgaged property. But, as soon as the equity amount is paid, you have to clear all the outstanding mortgages on your house. There are some equity release providers who deduct the outstanding mortgages from the value of your house to repay the loan.
Equity is the proportion of those assets you own, compared to the debt on those assets. An example would be a house. A house is an asset. The equity is the amount of the mortgage that is paid off plus any appreciation the value of the house. Same with a company. Its the difference between what you own and the debt or liabilities. Assets minus liabilities equals equity. You have equity in assets.