Equity is synonymous with value. In real estate, equity is the value of your share in a specific property, less any debt owed on it. A simple equation is: Equity = Value - Mortgage (also known as debt).
*The information provided in this article is meant for informational purposes only and is not intended to constitute legal, financial, tax, or insurance advice. Jovio encourages readers to contact their attorney or other advisors for advice regarding these matters.
