Net Worth Defined: What Is My Net Worth?
Savings Corner
DECEMBER 24, 2023
For example, if you have a mortgage on a house with a market value of $200,000 and the balance on your loan is $150,000, you can add $50,000 to your net worth. For example, your home would count toward your net worth if you’re willing to use it for a home equity line of credit or sell it should the need arise. Want us to do it for you?
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