Equity

Libby Guthrie, REALTOR®

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Equity

Category: Financing
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Equity

The equity in a home or property is the difference between how much your home is worth and how much you owe on your mortgage.

So if your home is worth $500,000 and you owe $450,000 on your mortgage, your equity in the home is $50,000.

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Posted by Libby Guthrie
Tags: Homeowner Terms, Real Estate Terms

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About the Author

Libby Guthrie, REALTOR®

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Howdy! I'm Libby Guthrie. I'll be your guide to real estate in the Greater Knoxville TN area. Whether you're buying, selling, or you just want to learn a little about real estate, you're in the right place!

I've been working in real estate for over 30 years, and have been the agent in over 1400 transactions, so I know I can help you too!

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