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.
The third type of plate boundary occurs where tectonic plates slide horizontally past each other. This is known as a transform plate boundary. As the plates rub against each other, huge stresses are set up that can cause portions of the rock to break, resulting in earthquakes. Places where these breaks occur are called faults. A well-known example of a transform plate boundary is the San Andreas Fault in California.