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.
Home-Equity Loans: The Costs. A home-equity loan can be a good tool for savvy homeowners looking for a convenient way to borrow money. Many home-equity loans offer an attractive interest rate (compared to those offered by credit cards and other types of loans), and borrowers can deduct the interest when they file taxes.