Equity is the portion of your property’s value that you own outright. The amount of equity you have in your home is the difference between what's owed on a mortgage and its current market value. It can change depending on fluctuations within real estate markets.
Homeowners use their property's equity to purchase another property. This equity acts as a deposit in the purchase of the new property. The amount of equity will vary by lender and depends on how much you've paid back in the past.
Here’s a quick calculator for your guidance!
You could potentially access more, however Lenders Mortgage Insurance may apply.
Our experts will walk you through the process and take out the leg work
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