There were some changes in the real estate market during September. Thom is here to sum up what exactly went on. He is also talking about our latest and greatest listings that have hit the market.
If you have any questions about equity, you will definitely want to tune in!
In home equity mortgage, the owner takes out a loan using the home as security. Home equity is the balance of the home?s market value less any debts or liens on the property. It is some sort of a second mortgage in that the loan proceeds can be used for improvements that will increase the value of the home.