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Home equity

Contributors in Home equity

Home equity

equity

Financial services; Home equity

The difference between the appraised value of your home and the outstanding mortgage balance(s).

appraised value

Financial services; Home equity

The value of your home based on current market conditions.

amortization

Financial services; Home equity

A series of payments over a specific period of time calculated to fully pay the loan amount plus interest by the end of the life of the loan.

usable area

Financial services; Home equity

The occupiable part of an office or a building floor; generally measured from paint to paint inside the permanent walls and to the middle of partitions separating one tenant’s space from that of ...

mortgage

Financial services; Home equity

An agreement in which money is lent by a building society, bank, etc for buying a house or other property, the property being the security.

contractor

Financial services; Home equity

A person or company that undertakes a contract to provide materials or labor to perform a service or do a job.

fixed asset

Financial services; Home equity

A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash any sooner than at least one year's time.

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