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Posts Tagged ‘little equity’

When you hear of home equity loans or equity in other forms of property do your eyes glaze over as you nod and pretend to know what is being said? Do not be embarrassed; many of us were not taught what financial terms meant; therefore, it can not be a big surprise that we do not understand them now.

In simple terms, equity is the value of property after subtracting what is owed from the fair market value; it is kind of like our interest in the property after the mortgage.
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