Tag Archives: equity

What is Home Equity?

Grow wealth with equity and compounding

Equity is the key to building wealth through property investment.

Simply put, home equity is the portion of your property that you fully own. Most people require a mortgage to buy a property which means a bank or finance institution will lend most of the amount required to buy the property and you would fund the remainder with a deposit.

So if the bank loans you 90% for a property you want to purchase for $100,000 they will fund $90,000 and you will fund the other $10,000…