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.
To be more specific, most of the earthquake happens at the tectonic plates edgesâ boundary yet it can even occur in the middle area. Faults causing the earthquake can actually be located over the edges of the tectonic plate. Basically, there are different faults that cause an earthquake. They are reverse fault, strike slip fault and normal fault. The normal fault occurs following rock slides downward past other rock of block.