<p>How much is the duplex worth if you had to sell it? (Now, without doing anything to fix it up for sale?)
How much do you owe on the mortgage for the duplex?</p>
<p>If the duplex is worth $300,000, and your mortgage balance on the duplex is $100,000, then you’ve got a $200,000 asset in they eyes of financial aid. On the other hand, if you have a duplex worth $250,000, and a $220,000 mortgage, you only have a $30,000 asset to consider.</p>