Terms that are on use on this site.
There are 59 entries in this glossary.| Term | Definition |
|---|---|
| Equity |
The difference between the value for which you could sell your property and what is owed against it. There is an important distinction from \"down payment\" to a lender. For example, if a buyer purchases a home without a down payment, he/ she can have \"equity\" if the value of the property quickly goes up. |
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