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What is home equity?
-the closing costs associated with buying or renting a home
-the difference between a home’s market value and the homeowner’s outstanding loan amount
-the potential rental income that a homeowner can get from the house
-the difference between the purchase price of the home and its current market price

Respuesta :

BlueSky06
The answer is the second one. Home value is the market estimation of a mortgage holder's unrestricted enthusiasm for their genuine property—that is, the distinction of the home's honest esteem and the extraordinary adjust of all liens on the property.

Answer:

B.) The difference between a home's market value and the homeowner's outstanding loan amount

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