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Home equity

Contributors in Home equity

Home equity

Loan-to-value (LTV) ratio

Financial services; Home equity

The amount of the new loan or line of credit added to the balance of any existing liens and then divided by the market value of the home.

Equity

Financial services; Home equity

The difference between the appraised value of your home and the outstanding mortgage balance(s).

Appraised value

Financial services; Home equity

The value of your home based on current market conditions.

Amortisation

Financial services; Home equity

A series of payments over a specific period of time calculated to fully pay the loan amount plus interest by the end of the life of the loan.

Prime rate

Financial services; Home equity

The lowest rate of interest at which money may be borrowed commercially.

Bankruptcy

Financial services; Home equity

State of being bankrupt, that is, one that cannot repay the debts owed to creditors.

Usable area

Financial services; Home equity

The occupiable part of an office or a building floor; generally measured from paint to paint inside the permanent walls and to the middle of partitions separating one tenant's space from that of ...

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