What is Equity?

Equity is the difference between the amount you own on your current mortgage and present value of your home. If your home was worth €300,000 and your mortgage balance was €100,000, you would have equity of €200,000.

Equity is the difference between the amount you own on your current mortgage and present value of your home. If your home was worth €300,000 and your mortgage balance was €100,000, you would have equity of €200,000.