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.
To calculate your available equity: 1  Make an estimate of your home's current market value. 2  Multiply your home's market value by 80%. 3  Determine the amount of the outstanding debt secured by your home. 4  Subtract the outstanding debt from 80% of your home's value.