{"id":2218,"date":"2014-04-04T23:31:43","date_gmt":"2014-04-04T23:31:43","guid":{"rendered":"http:\/\/fastforwardstory.com\/?p=2218"},"modified":"2017-07-07T15:55:38","modified_gmt":"2017-07-07T19:55:38","slug":"what-is-equity","status":"publish","type":"post","link":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/what-is-equity\/","title":{"rendered":"What Is Equity?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 28px 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_sca0sby305 videoFoam=true\" style=\"height:100%;width:100%\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<p>Equity is the value YOU own in property such as a house. It\u2019s the difference between what\u2019s OWED and what the property is WORTH in the current market.<\/p>\n<p>The example this video shows &#8211; you have a house worth $300,000 today and you owe the bank $200,000. \u00a0Your equity would be $100,000.<\/p>\n<p>If the house is valued at $500,000 in five years, and you still owe $150,000 your equity will be $350,000.<\/p>\n<p>Equity grows if the property value goes up or if the amount owed goes down. \u00a0The key thing to remember, simple as it sounds, is that you &#8220;own&#8221; increases in value. The bank&#8217;s loan doesn&#8217;t go up if the home&#8217;s value goes up.<\/p>\n<p>Equity in a home can be used as collateral for loans but a house is not a piggy bank. Home equity can become a key financial asset over time; treat it wisely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Equity is the value YOU own in property such as a house. It\u2019s the difference between what\u2019s OWED and what the property is WORTH in the current market. The example this video shows &#8211; you have a house worth $300,000 today and you owe the bank $200,000. \u00a0Your equity would be $100,000. If the [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[16],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts\/2218"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/comments?post=2218"}],"version-history":[{"count":1,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts\/2218\/revisions"}],"predecessor-version":[{"id":4874,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/posts\/2218\/revisions\/4874"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/media?parent=2218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/categories?post=2218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/landtitleofflorida\/wp-json\/wp\/v2\/tags?post=2218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}