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.
How can I use the equity in my home?
People borrow for many reasons, for example extending your family home, buying a car, or purchasing a holiday home.
You can borrow up to 80% of the value of your home through a number of Lenders. The rate at which you repay interest on the loan is based on the current mortgage interest rate.
Warning: Purchasing this product may negatively impact on your ability to fund future needs.