Question

Equity in your home = fair market value - outstanding balance. If your home is worth $125,000 and you have an outstanding balance of $36,000, what is your equity?

Answer 1

Answer:

89,000 I think

Step-by-step explanation:

just subtract 125,000 by 36,000

although Its a guess

Answer 2

Answer:

$89,000

Step-by-step explanation:

To find your equity, subtract the outstanding balance from your home value:

125,000 - 36,000

= 89,000

So, your equity is $89,000