The Burren. The Burren is an amazing place. It is a karst limestone region of approximately 300 sq km which lies in the North West corner of Co Clare, in Ireland. It is composed of limestone pavements, which are eroded in a distinctive pattern known as karren.
Home equity is the amount of money you have already paid against the value of your home. A simple formula for determining your home equity is to subtract the amount of the mortgage balance from the current fair market value of your home. In other words, your equity increases as your mortgage balance decreases.
Over the years, youâve been building equity in your home by paying down the outstanding balance on your mortgage. If youâre considering one of our refinancing solutions, the amount of equity in your home you have will determine the amount of money you can borrow. Your home equity is the difference between the market value of your home and the total amount of debts registered against it including any mortgages. Your home equity will fluctuate based on the current market value of your home. Thatâs why itâs important to get an up-to-date property valuation.