|
Debit
__$100,000
The amount you expect
__
to receive
if you sell your
home.
.
.
.
.
.
|
Credit
__
$80,000
Amount owed to
bank.
__
$20,000 in
Equity
__
_______
__
$100,000
,
.
_______________________
|
- You paid
$85,000 for your home.
- You put
$5,000 down and still owe $80,000.
- It could be
sold for $100,000.
- Your home is
worth $20,000 more than you owe.
|
