Home equity: Difference between revisions
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Home equity is the difference between mortgage(s) owed on a property and the current market value. Home equity has a zero rate of return and is not liquid. Home equity management is the process of putting otherwise lazy idle dollars to work in a liquid, safe, tax favored, way to create an arbitrage. Arbitrage, simply put, is borrowing money at one rate and earning a higher rate elsewhere. |
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#REDIRECT [[Ownership equity]] |
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Revision as of 21:55, 2 March 2007
Home equity is the difference between mortgage(s) owed on a property and the current market value. Home equity has a zero rate of return and is not liquid. Home equity management is the process of putting otherwise lazy idle dollars to work in a liquid, safe, tax favored, way to create an arbitrage. Arbitrage, simply put, is borrowing money at one rate and earning a higher rate elsewhere.