What is home equity?

The equity you have in your home can open the door to additional funds.

Dr. Kiran Thapa

Chief Education Officer

Equity is the difference between the current market value of your property and the amount remaining on your home loan. As you pay off your home loan, the equity you have in your home grows, and if the property’s value increases, your equity will go up as well.
Computer and phone
Computer and phone
Calculate the available equity

 

 
Work out the “accessible” Equity

 

 
Work out the costs for accessing equity

 

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