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.