Question

What is home equity?

a. the closing costs associated with buying or renting a home
b. the difference between a homes market value and the homeowners outstanding loan amountc. the potential rental income that a homeowner can get from a housed. the difference between the purchase price of the home and its current market price?

Answer 1

B.) The difference between a home's market value and the homeowner's outstanding loan amount

Answer 2

The answer is B
The difference between a home's market value and the Homeowners
outstanding loan amount.
Home equity: the difference between the home’s market value and the remaining loan amount.