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Equity - Definition of Equity

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Definition: Equity is the difference between the market value of your home and the amount you owe to the lender. Net equity is different from gross equity. Net equity is the gross equity less the costs of selling the home.

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

Also Known As: home equity
Common Misspellings: eqity, equty

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