Can you tell me what is classed as equity

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anita_p

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Post by anita_p » Tue Mar 04, 2008 9:24 pm
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Can you tell me what is classed as equity and are your possesions in your home classed as equity?
ps i know equity can be classed as value in your house however i have no equity there as i have already used this money
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Adam Davies

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Post by Adam Davies » Tue Mar 04, 2008 9:32 pm
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Hi
Equity is the difference in your house value[not including personal possessions]and your outstanding mortgage/secured loan.
Regards
Andam Davies
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