The difference between the value of a home and how much you owe on the mortgage is called _____. A. a line of credit B. equity

Question

The difference between the value of a home and how much you owe on the mortgage is called _____.
A. a line of credit
B. equity
C. amortization
D. appreciation

0

Answers ( No )

    0
    2021-10-04T16:25:35+00:00

    Answer:

    Letter B

    Step-by-step explanation:

    The difference between the value of a home and how much you owe on the mortgage is called Equity.

    Let’s suppose you bought a house, and you financed it because you gave a down payment but you can’t afford the rest yet, theoretically, the house is yours, but you still have a financing debt, and the difference between the value of the home and how much you will still pay is what is called Equity

    0
    2021-10-04T16:25:55+00:00

    BBBB? I had to have at least 20 characters…

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