What does it mean to have equity in your home?


Correct Answer: The market value of your home minus the mortgage balance !



Other People Said

You owe more than the home is worth: 200

You rent your home from a bank: 206

The market value of your home minus the mortgage balance: 1097



Next Question: Which tax-advantaged retirement account allows contributions to grow tax-free and withdrawals to be made tax-free during retirement?









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