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Glossary of Terms > E > EQUITY

EQUITY

The homeowner's financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on its mortgage (as well as other liens). With each mortgage payment, the principal balance paid turns to equity and increases your net worth.

E Terms

EARNEST MONEY DEPOSIT (EMD)

EASEMENT

EFFECTIVE AGE

EMINENT DOMAIN

ENCROACHMENT

EQUITY

ESCROW

EXAMINATION OF TITLE

EXCLUSIVE LISTING