UK Loans
 [Home]
Loan Guide
  Loan Types
  Loan Providers
  Loans Calculator
  Loan Glossary
 
Loan Directory
  Directory Home
  Scotland
  Ireland
  Wales
  England
  London
 
Get Interactive!
  Submit A Review
  Ask a Question
  Answer a Question!
  Join Our Forum

Loan Glossary - Define: Equity

Q. What is Equity?

Answer:

The value of a property over and above the amount of money still owing on the money borrowed to purchase it. Many homeowners and business owners make use of the amount of equity they have built up to borrow money for various reasons. There is an equity loan and an equity line of credit, which are managed differently.

[Back to UK loan Glossary]

 

Contact | About | Links