When reading newspaper in english I sometimes read the expression “releasing equity“, most of the time it is about private persons who have borrowed money against the value of their house.

I didn’t know exactly what it meant but yesterday I met an ozzie guy and he explained the concept to me, let’s say you have a house valued 500 000 AUD, the bank might evaluate its value to 300 000 AUD (they always lower the estimated value in case of a resale), then you can borrow the corresponding sum to the bank, if you cannot pay the money back the More >