ADM Loans

Equity - ADM Loans

Loans Glossary : Equity

Equity is the term used to describe the difference between the value of your home and the amount of any loans or mortgage outstanding on it. If your home was worth £100,000 and you owed £75,000 on your mortgage, you would have £25,000 in equity.

Having equity in your home makes it much easier to obtain loans, as they can be secured against the equity.