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equity - A homeowner's financial interest in a property. Equity is the difference between how much the house is worth and the amount left on the mortgage.
Also check out Mr. Thifty's Guide to Shopping for a MortgageAbout Mr. Thrifty: Mr. Thirfty's goal is to help others make the most out of their financial resources through education, suggestions and humor. If you like what you see, tell your friends about Mr. Thrifty!
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