91.9k views
5 votes
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
by
7.6k points

2 Answers

5 votes
BBBB? I had to have at least 20 characters...
User Bryan Rayner
by
7.4k points
2 votes

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
by
7.3k points

No related questions found