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re: Excluding home equity, the median 40-44 year old has a net worth of just $58,000
Posted on 1/8/24 at 8:21 pm to Big Scrub TX
Posted on 1/8/24 at 8:21 pm to Big Scrub TX
quote:
Let me ask - does the calculation that excludes home equity ALSO exclude a mortgage if there is one?
Home equity = FMV of house - balance owed on mortgage
You can figure out the answer to your question.
1
Posted on 1/8/24 at 8:40 pm to jclem11
quote:Just confirming it isn't some monkey business where the house is valued at 0 and the debt is still counted.
Home equity = FMV of house - balance owed on mortgage
You can figure out the answer to your question.
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