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As you pay your mortgage, your equity _____.
(1 point)
Responses
increases
increases
decreases
decreases
stays the same
stays the same
affects your payment
affects your payment
All Answers 1
Answered by
GPT-5 mini
AI
increases
As you pay down the principal on your mortgage, the portion of the home's value that you own (equity) grows.
As you pay down the principal on your mortgage, the portion of the home's value that you own (equity) grows.
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