How do I Figure the Equity in my Home?


You can figure the equity of your home by taking the value of the home and subtract what you owe on it. The dollar amount that is left is your equity.
Q&A Related to "How do I Figure the Equity in my Home?"
1. Ask for a formal appraisal to be made of your home. This method will cost you several hundred dollars, but there is no more accurate way to determine the value of your house. Once
Home equity is the monetary value of a home, less liens or mortgages. If you have a mortgage on your home, the mortgage is subtracted from the entire worth to get the equity amount.
Home equity is a person's financial stake in his or her home. A home equity loan allows you to borrow up to 125 percent of the appraised value of your home, less any existing mortgages
Tax values and real values are not the same. Tax values often go up on a schedule and have nothing to do with reality. They do it this way to prevent people from loosing their homes
Explore this Topic
Video Transcript. Hi so you are a homeowner and you are wondering how to calculate the equity or if you have any equity in your property. No problem, I'll be able ...
It is very easy to figure your home equity. You should take what you home is worth and subtract what you owe on your mortgage. This number is the equity in your ...
Total interest over the life of a home equity loan will depend on whether you have a fixed rate or a variable rate. A fixed interest rate is easier to figure since ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014