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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

User Yuankun
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2 Answers

5 votes
BBBB? I had to have at least 20 characters...
User Bryan Rayner
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Answer:

Letter B

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

User Pedro Madrid
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