n 2010, you bought a home at a price of $600,000. You made an initial down payment
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n 2010, you bought a home at a price of $600,000. You made an initial down payment of $100,000 and took out a $500,000 mortgage to finance the remaining balance. The home is now worth $800,000 (based on comparable properties in the neighborhood) and your outstanding mortgage is $480,000. calculate Your equity in this home.
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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