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Loan Modification

: The Truth About Mortgage.com

What is Home Equity?

By scot184

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Mortgage Q&A: ?What is home equity?? You’ve probably heard the phrase home equity thrown around, likely during a commercial urging you to pull the equity out of your home using a home equity line of credit (HELOC). In short, home equity is the market value of your property less any liens/mortgage balances. Let’s look at a quick example: Current [...]

Full post as published by The Truth About Mortgage.com on October 18, 2010 (boomark / email).

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