tommymejia227ovx0mv tommymejia227ovx0mv
  • 13-02-2018
  • Mathematics
contestada

The difference between the value of a home and how much you owe on the mortgage is called _____.
A. a line of credit
B. equity
C. amortization
D. appreciation

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madisonmariesmi
madisonmariesmi madisonmariesmi
  • 13-02-2018
BBBB? I had to have at least 20 characters...
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isaacc49
isaacc49 isaacc49
  • 03-01-2020

Answer:

Letter B

Step-by-step explanation:

The difference between the value of a home and how much you owe on the mortgage is called Equity.

Let's suppose you bought a house, and you financed it because you gave a down payment but you can't afford the rest yet, theoretically, the house is yours, but you still have a financing debt, and the difference between the value of the home and how much you will still pay is what is called Equity

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