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If my name is on the title of the home. Do I have equity in the home?

In: Home Buying [Edit categories]

Answer:

Yes you do.

*Clarification: if you own the home you are owner of any equity that may be realized by the sale or leveraging of the property. That does not mean the home has equity. It only has equity if it is worth more than loans or liens held against it.

First answer by Daber. Last edit by Rmcclane07. Contributor trust: 24 [recommend contributor ]. Question popularity: 1 [recommend question].

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