Property equity is the difference between the property’s value and mortgage owing.
As an example, a $900,000 property with $300,000 mortgage owing has an equity of $600,000.
Equity Release is borrowing against part of that available equity.
Property equity is the difference between the property’s value and mortgage owing.
As an example, a $900,000 property with $300,000 mortgage owing has an equity of $600,000.
Equity Release is borrowing against part of that available equity.