Building equity - PowerPoint PPT Presentation

Community Meeting August 1, 2010

Community Meeting August 1, 2010. Topic: CREDIT trap will destroy your EQUITY. What is EQUITY?. Property (personal and real) MINUS financial obligations due (debt) to the said property, if any. Equation Property – Debt = EQUITY Illustration examples later on.

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Your

Your. Own. Home. Welcome. Agenda Ground Rules Introductions. Objectives. If you are a pre-homebuyer: Explain the advantages and disadvantages of renting versus owning a home Identify questions to ask to determine your readiness to buy a home Identify the steps required to buy a home

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