Nerve pathway of a simple reflex. When the sensory nerve ending is stimulated, a nerve impulse travels along a sensory (afferent) neuron to the spinal cord. Here an association neuron transfers the impulse to a motor (efferent) neuron.
Deeds are instruments used to record ownership interests. When you purchase or otherwise come into ownership of real estate such as a house, you gain an ownership interest in it. Ownership interests in real estate can be solely held or divided among several people.
In this example, your home equity interest is 20% of the homeâs value: the home is worth $200,000 and you contributed $40,000 - or 20%. You own the home, but you really only own $40,000 worth of it. It might be easier to think about home equity in terms of what you owe instead of what youâve contributed.