20 Terms
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Home equity
Industry: Financial services
Add a new termContributors 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.
