Home Equity and Refinancing
Home Buying

How is housing equity calculated?

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Wiki User
April 28, 2007 2:08AM

Equity is current market value of the property minus debt (what

is owed on the property). For example, if your property is worth

%500,000 and your balance in your mortgage is $400,000, your equity

is $100,000. If you have any more questions you can ask a real

estate agent, loan officer, or an appraiser.

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