How much equity in a home do most go after, whats the range?

[Octavia D.]

How much equity in a home do most go after, whats the range?

I've read that the equity in a home is where everyone's profit comes from because it's basically money the seller put in the house out of pocket vs. a banks money (mortgage). So what's a good % of equity do most try to find and what's the least that won't be considered? I also read somewhere that if the mortgage is more than the value of the home then the house is overpriced and there's barely any to no equity in it (none of the sellers money), is that correct?

Octavia

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