Noun
home equity (uncountable)
(finance) The monetary value of a home less the value of any encumbrances, such as liens or mortgages.
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years. Alan Greenspan
(Sylvia) Things you can do when you're a grown-up: . . . .3) Default on a home equity loan and lose everything. Nicole Hollander
Home equity line of credit tax-deductible? Source: Internet
Home equity refers to the value of a home, excluding any preexisting loan balances. Source: Internet
Home equity can be a critical component of a retirement plan. Source: Internet
Home equity loans can be a useful tool for achieving your financial goals. Source: Internet