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.
Calculating equity. To work out how much equity you have in your property, youâll need to subtract any debt remaining on your mortgage from the propertyâs overall value. So, if your propertyâs worth $500,000, and you have $300,000 left on your mortgage, then your equity is $200,000.o work out how much equity you have in your property, youâll need to subtract any debt remaining on your mortgage from the propertyâs overall value. So, if your propertyâs worth $500,000, and you have $300,000 left on your mortgage, then your equity is $200,000.