The percentage of property value held by the owner; the difference between the current market value of a property and the outstanding mortgage balance. Equity loan A loan based on the borrower's equity in his home. Escrow The neutral third party that holds money and/or documents until the e...
The next is the “Total Net Worth” Calculation. In addition to the above components I know add into the equation my estimated home value (fully paid off house) and my child’s 529 accounts. This is more like a bragging rights value (such as the one I have put in Rockstar Finance ne...