Question

What is home equity?
A.
the closing costs associated with buying or renting a home
B.
the difference between a home’s market value and the homeowner’s outstanding loan amount
C.
the potential rental income that a homeowner can get from the house
D.
the difference between the purchase price of the home and its current market price

Answer 1

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

Answer 2

Answer:

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