What is the purpose of the Equity Projection section?
The equity projection section allows you to model the equity in your home over the duration of your stay for three different scenarios: Best Case, Most likely Case and Worst Case. Equity is defined as the difference between the home price and the loan balance, and is an excellent measure to understand your housing net worth. The Equity Analysis section of the interview of the Anawise Report presents the YoY change in the OFHEO index for the metro city or the Metropolitan Statistical Area your city is affiliated with. This data allows users to see the change in house prices in those MSAs over a period of time and choose the appropriate rates of appreciation (or decline) in their city for their properties.
