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| Leriot
Posts: 462 Status: Viscount Karma: -44 [+1] [-1]   |
Subject: Equity? | |||||
| I always understood to be the value of a capital investment that is over and above the 80% value of said investment. For example, you own a home that is valued at $1,000,000, if you owe $900,000 against it, you have no equity in that home, however if you only owe $500,000 against it, you have $300,000 worth of equity in that home. |
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Replies:
- There is no fixed percentage defining equity - The_SoulStealer
- Hmm.. - Scabernac
- Yes, differences do exist - The_SoulStealer
- I try lol - Scabernac
- I have a friend - The_SoulStealer [1 replies]
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