How Is My Share of Equity Calculated With Property Loans? | NC

About this video

Q: How is my share of the equity calculated when there is still a mortgage and another loan on the property? A: Usually, you start with the home’s fair market value or the sale price — then subtract the mortgage, any other valid loan or lien tied to the property, and sale costs. What is left is the net equity. Your share is usually your ownership percentage of that net equity — often one-half if…