Equity Loan

An equity loan is a home loan whose value represents a percentage share of the value of the home. When the loan is repaid, its original percentage share will be recouped by Target on behalf of its funders. Put simply, if your equity loan was worth 20% of the value of your home at the time you bought, when you pay off your equity loan or sell up, you will repay at 20% of the value of your home at the time of repayment/ selling.