Lisa's house was appraised at 115000. she still owes 42000 on her mortgage loan. How much equity does Lisa have inher house?

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1249566

2026-08-15 04:45

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To calculate Lisa's equity in her house, subtract the amount she owes on her mortgage from the appraised value of the house. This can be calculated as follows: $115,000 (appraised value) - $42,000 (mortgage owed) = $73,000. Therefore, Lisa has $73,000 in equity in her house.

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