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.
Transform Boundaries Places where plates slide past each other are called transform boundaries. Since the plates on either side of a transform boundary are merely sliding past each other and not tearing or crunching each other, transform boundaries lack the spectacular features found at convergent and divergent boundaries. Instead, transform boundaries are marked in some places by linear valleys along the boundary where rock has been ground up by the sliding. In other places, transform boundaries are marked by features like stream beds that have been split in half and the two halves have moved in opposite directions.