<p>How is home equity used in determining how much aid you will get? What's a "good" home equity value to have to demonstrate need. Our home is about 350,000 dollars and we still owe 200,000 dollars on it, with a monthly mortgage of about 3000 dollars. So our home equity is 150,000. We also have another apartment for my sister but it's under my dad's name. That cost about 160,000 dollars and we owe about 158,000 dollars still (we just got it). So how is your equity value played into how much aid you get? i realize equity is only one part of your assests and your whole application but i wud just like to know.</p>
<p>oops wrong place to post</p>