Equity is the difference between the market value of a home and the amount owed on it.
Texas is the only state to prohibit general home equity lending. Big Country voters reflected the statewide trend in early returns, except that a majority of the counties favored home equity lending - even if by a small margin. The widest margin for the amendment was in Brown County, where it passed by nearly 200 votes out of 2,000 cast. Shackelford went for the amendment by five votes, Coke by six. Rural Stonewall County voted against it by the greatest percentage, nearly 2-1.