Home equity is generally defined the current value of the home minus the amount of liens against it -- like mortgage balances. If your home is worth $250,000 and your mortgage payoff amount is $125,000, you would have approximately $125,000 in home equity.n addition, the interest you pay on a home equity line or loan may be tax deductible. Please consult a tax advisor to find out if this applies to your circumstances. Lower interest rates on home equity loans and lines of credit may make either option a good choice for consolidating consumer debt.
When plates slide past each other at a transform boundary what geological process is most likely to occur? An earthquake will most likely occur because the techtonic plates below the earth's surface are grinding past one another causing severe shaking.
A transform fault or transform boundary is a plate boundary where the motion is predominantly horizontal. It ends abruptly and is connected to another transform, a spreading ridge, or a subduction zone. Most of these faults are hidden in the deep ocean, where they offset divergent boundaries in short zigzags resulting from seafloor spreading, the best-known being those on land at the margins of continental tectonic plates. A transform fault is the only type of strike-slip fault that is classifie