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.
Your equity is the difference between the value of your home and what you owe on your home. Think of your equity as the money you would have left over if you sold your home, and repaid your home loan. How to calculate your equity. Simply deduct your loan amount from the estimate value of your home.