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.
Frequently, rock formations that undergo orogeny are severely deformed and undergo metamorphism. During orogeny, deeply buried rocks may be pushed to the surface. Sea bottom and near shore material may cover some or all of the orogenic area. If the orogeny is due to two continents colliding, the resulting mountains can be very high (see Himalayas). An orogenic event may be studied as: (a) a tectonic structural event, (b) as a geographical event, and (c) a chronological event.