February 13th, 2008 by Questions
I was wondering how the equity on my house would be calcultated.
Here are some details:
The value of the property: $340,000.00
Remaining mortgage: $312,261.43.
Term remaining on the mortgage: 3 years 3 months
The outstanding property taxes: $5,000.00
I really appreciate it if could please let me know the approximate equity on the house based on the above information and how it was calculated.