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23-07-2017
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Lisa’s house was appraised at $115,000. she still owes $42,000 on her mortgage loan. how much equity does lisa have in her house?

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meerkat18 meerkat18

04-08-2017

The equity that she has would be the difference of the current value of the house and her mortgage loan associated with the house. The current value of the house is $115000 while her mortgage loan is $42. Computing the equity, we can get $114958 as her equity in the house.

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