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What is home equity?

-the closing costs associated with buying or renting a home

-the difference between a home's market value and the homeowner's outstanding loan amount

-the potential rental income that a homeowner can get from the house

-the difference between the purchase price of the home and its current market price

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  1. 23 August, 02:46
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    The answer is the second one. Home value is the market estimation of a mortgage holder's unrestricted enthusiasm for their genuine property-that is, the distinction of the home's honest esteem and the extraordinary adjust of all liens on the property.
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