Respuesta :
The value of ownership built up in a home or property that represents the current market value of the house less any remaining mortgage payments. This value is built up over time as the property owner pays off the mortgage and the market value of the property appreciates.
Answer:
Home equity is the part that the homeowner actually owns of that property according to the fluctuations in the price of the real state market. Home equity can be used as collateral in the case the homeowner decides to ask for a loan (home equity loan) or line (home equity line).
