How do I figure out how much equity I have?

Asked by Carla Truett

1 Answer

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Answered by Kendrick Walker, Mortgage Broker in Santa Rosa, CA
Hello Carla,
How much do you owe on your property and then how much is your property currently worth (based on recent comparable sales, an appraisal, good Broker estimate)? Take your current property value and minus what you owe, this will give you your "equity". Hope this helps.
Best, Ken - Another Guy in the White Hat
Sun Pacific Mortgage & Real Estate
Family Owned & Operated Hard Money Broker Serving CA Since 1988 | 11.18.15 @ 19:27
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