.. you either GOT IT... or you OWE IT....
their ain't to in between...
the sheep like to use the made up word 'equity' to describe how they can BORROW (aka get into more DEBT) against the money they already paid on an existing debt!
This is like me lending you $20 bucks. Then you pay me $5 dollars. Then I tell you that you have $5 in 'equity' against your loan. Then I say 'hey you can borrow ANOTHER $5 if you want'.... so you borrow against your $5 equity. Now you're back to owing $20 principal again PLUS even more interest.
It's a way of KEEPING YOU IN DEBT!
again - what good is equity other than using it to GET INTO MORE DEBT!!
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