Check what your property value is right now
Your property value is more than just a figure. For many, it is the most important financial investment and a key to new borrowing opportunities.
When you know what your property is worth, you gain more opportunities. For example, you can refinance your home loan and release funds, get an indication of what you could receive for the property if you are planning to sell, ensure that you are properly insured, or plan upgrades that could increase the value even further.
That is why we have made it simple: You can check an updated, estimated property value directly in the DNB mobile banking app.
What is property value?
Property value is an estimate of what your property is worth. The calculation takes into account factors we know about the property, such as amount, year of construction, location and price trends.
Four ways to utilise your home equity
- Increase your home loan: Has your property increased in value? Then you may be able to borrow more. Typically, you can borrow up to 90% of the property's value, and a higher property value means opportunities to borrow more than before. You can, for example, use the equity in your home to realise a renovation project.
- Refinance and get a better interest rate? Loan-to-value ratio is how much of the property's value is mortgaged. If your loan-to-value ratio has decreased because the property value has increased significantly, whilst the loan remains the same or has reduced, you may be eligible for a new interest rate on your mortgage.Refinancing can therefore release funds and provide better terms.
- Ensure the right insurance: Are you certain that your home insurance covers the property's actual market value? Use the updated property value as a checkpoint to ensure you are correctly insured. For example, if you have built a garage or made significant changes to the house since you purchased the insurance, you should perhaps update it.
- Sale of property: Property value gives you an overview when you are planning to sell your property. This way you know more about what you can expect when you test the property market.
Questions and answers
How much can I borrow for a home?
Check how large a mortgage your finances can support.
See the effect of your interest rate
The interest rate affects how much your home loan costs you. At DNB you get a personal interest rate on mortgage.
Home maintenance and damage prevention
Maintenance is important for the value of your home and your everyday finances.