MLchartDataset catalogue

Home equity

Term · Law · MLC-T-LAW-002443

The portion of a property's value that the homeowner actually owns, calculated by subtracting the outstanding mortgage balance and any other liens from the property's current market value. This represents the owner's financial stake in the property. Home equity can be borrowed against through a home equity loan or line of credit.

Table 1. Record
IdentifierMLC-T-LAW-002443
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002443",
  "term": "Home equity",
  "field": "Law",
  "definition": "The portion of a property's value that the homeowner actually owns, calculated by subtracting the outstanding mortgage balance and any other liens from the property's current market value. This represents the owner's financial stake in the property. Home equity can be borrowed against through a home equity loan or line of credit.",
  "url": "https://mlchart.com/terminology/law/home-equity/"
}

Record 2,362 of 5,445 in Law terminology (MLC-0107). Request the full dataset.