What Is Equity, How Can It Be Used?
Equity is a common term we hear in conversation relating to mortgages and investment. Whilst many people have a brief understanding of what equity is, it’s important to know both what equity is and how to get the most from your available equity.
Now lets look at equity and how to use it, or how much of it you can us. As shown above, you have $200,000 invested in your property. If you were looking at refinancing your mortgage or home loan and using the extra funds for a worthwhile cause, accessing your home equity.
Full Article: What is equity – Mortgage Advice
