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Home/ Questions/In which scenario do most homeowners use the equity in their home?
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lizawr
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lizawr
Asked: April 11, 20222022-04-11T19:02:13+00:00 2022-04-11T19:02:13+00:00In: Operations-Management

In which scenario do most homeowners use the equity in their home?

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In which scenario do most homeowners use the equity in their home?

A) To pay off student loans

B) When they have children

C) When they sell it to buy a new one

D) When they’re threatened with forclosure.


♦ Relevant knowledge
Equity is the amount of the company that is left to its owners once the company has settled all charges. There are a variety of types of ownership units, including common stock and preferred stock.

The equity of the owner shows the capital that an owner is entitled to in the event that the assets had been sold, and debts were settled at the specified date and date and. Positive equity for the owner means the business has enough assets to pay its debts. If the equity of the owner is negative, it means that the assets are not enough to be used to pay the debts, and could be a sign of imminent bankruptcy.

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    Jake Johnson
    2022-04-11T19:02:16+00:00Added an answer on April 11, 2022 at 7:02 pm

    C) When they sell it to buy a new one

    The most common reason homeowners use their home equity to purchase a new home is to sell their home. Home equity is the difference in the fair market value and the outstanding mortgages.

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