Mortgage Glossary

|Back To Glossary|

Equity

The remaining value in your property after all mortgages and loans registered against the title is subtracted from its' appraised value.
For example:
value $150,000 minus
mortgage $65,000 minus
2nd mtg $20,000 equals EQUITY $65,000

 

 

 

 

 

 

 

 

 

 

BC Mortgages.ca - Working with you - offering superior service from over forty lenders.

 

|