Equity is ownership. When it comes to homeownership, equity refers to what proportion of your home you really own—meaning what proportion of the principal you’ve paid off. The more equity you’ve got, the more financial flexibility you’ve got, as you’ll refinance against whatever equity you’ve built. So, for example… If you’ve got a $200,000 home, and you continue to owe $150,000 on it, you’ve got $50,000 in equity. #homeownershipgoals #home #homeequity #investinrealestate #sacramentobroker | Ama
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Equity is ownership. When it comes to homeownership, equity refers to what proportion of your home you really own—meaning what proportion of the principal you’ve paid
Amazing Sacramento Homes by Joseph Fraser Home Loans. Amazing Sacramento Homes by Joseph Fraser Home Loans · Original audio. Equity is ownership. When it comes to homeownership, equity refers to what proportion of your home you really own—meaning what proportion of the principal you’ve paid off. The more equity you’ve got, the more ...
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