Equity Question (from beginner)

[Elijah Artman]

Hello, this would sound very immature. I'm new at this, please bear with me.

I'm not quite getting the home equity concept, can someone define it in simple terms?

[Karen Margrave]

@Elijah Artman 

Market Value - Amount owed = Equity

Welcome to BP! Beginner's Guide to Investing should help you with a lot of the basics. Also, listen to some of the Podcasts

Hats off to you for posting a question on something you needed help with. Everyone started someplace, and if you don't ask questions, you will never learn the answers. It's not immature at all, it's being humble. One of the things I tell newbies is: Know what you know, and what you don't know, find someone that does, and ask! 

Have fun, and see you around the forums. Let me know if there's any other questions I can help you with.