Equity

Definition of "Equity"

In connection with a home, the value of the home less the balance of outstanding mortgage loans on the home.

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Related Real Estate Glossary terms

Deciduous

Relating to trees or shrubs normally found in temperate climates. Deciduous trees shed their leaves ...

Urban Development Action Grant

It is intended to stimulate private investment in distressed cities and urban counties by providing ...

Government National Mortgage Association (GNMA)

Is a wholly owned government corporation administered by the Department of Housing and Urban Develop ...

Incompetent

Incapable of performing duties because of a lack of knowledge and training. The individual may not p ...

Float

Amount of funds represented by checks that have been issued but not yet collected. Time between the ...

Without Recourse

The company is not responsible to a third party if an account or financial instrument is dishonored ...

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How Much Income Do I Need ?

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