home equity

<p>fopr the CSS Profile, do you have to put home equity for the house you are currently living in? Or is it just for an external house?</p>

<p>External house?</p>

<p>like a second house. sorry.</p>

<p>yes you put home equity for your current residence
if you have another piece of property that would go into assets as well</p>

<p>that's funny, i don't remember the CSS asking specifically for home equity, what question # is that?</p>

<p>It's a series of questions...#40a, 40b, 40c, and 40d. 40a Home current market value, 40b Home debt, 40c home purchase year, 40d home purchase price.</p>

<p>They ask the home purchase price and year as a check on your estimate of the current market value. They have tools that check to make sure you're not excessively lowballing the current market value, or instead including the assessed value (which is likely much lower).</p>