Equity is the percentage of the appraised value of your property that has not been used as collateral. Therefore, if you own $100,000 house and has 60% mortgaged, your equity is 40%, which is $40,000.
Equity mortgage is not a “home equity line of credit” nor a “traditional mortgage”. Equity mortgage allows borrower to borrow the [...]
Filed under: Equity Lending, FAQ | 2 Comments »
Equity is the percentage of the appraised value of your property that has not been used as collateral. Therefore, if you own $100,000 house and has 60% mortgaged, your equity is 40%, which is $40,000.
Equity mortgage is not a “home equity line of credit” nor a “traditional mortgage”. Equity mortgage allows borrower to borrow the [...]
Filed under: Equity Lending, FAQ | Leave a Comment »
