It can also be calculated in subsequent years based on the projected value of the property less the mortgage balance. This the current equity investment you would have in the property adjusted by any increase in value and paydown of the mortgage.
By James Kimmons, About.com Guide
It can also be calculated in subsequent years based on the projected value of the property less the mortgage balance. This the current equity investment you would have in the property adjusted by any increase in value and paydown of the mortgage.
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