Equity is the value of an asset (e.g house, car) minus any debts attached to that asset.
For a property, the equity would be the current market value of the property minus the balance of any loans attached to that property.
As an example, say we have a property as follows:
and
The equity in this property would be $400,000. That is $1,000,000 – $600,000 = $400,000
Property Zoning and Its Impact on Home Loans: What You Need to Know When it comes to securing a home loan, many borrowers focus primarily
Line of Credit Loans: Unlocking Flexible Financing for Your Evolving Needs In the dynamic world of personal finance, flexibility can be a game-changer. Line of credit loans
Construction Loans: Financing Your Dream Home from the Ground Up Building your own home can be an exciting and rewarding experience, offering the opportunity to
© Buy Invest Live ABN 48 638 048 343 ACL 390222 | Privacy • Terms • Disclaimer
Buy Invest Live