What is Equity?
Equity
is the amount of money you have invested in your home. You've heard the term
"building equity"? That means you are paying off your financial obligation for
your home. For example, if you buy a $100,000 house with a down payment of $20,000, then
your equity is $20,000. Equity also builds up as the value of your home increases.
[ Do I Need an Agent? ]
[ Can I Afford to Buy? ]
[ What is Equity? ]
[ How Do I Get Started? ]
[ Should I Hire My Own Broker? ]
[ "Is it a Bad Idea to Buy From ""FSBO's""? (For Sale By Owner)" ]
[ How do I Know if a Broker is Right For Me? ]
[ Do I Need a Lawyer if I Have a Good Broker? ]
[ What are the Most Important Factors in the Value of a Home? ]
[ Are Government Owned Homes Really Bargains? ]
[ What about Open Houses? ]
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