What Does Home Equity Mean?

When people talk about home equity, they are basically saying how much money they would have if they sold their home. This isn’t the total value of the house though – as unless you’d paid of the mortgage you wouldn’t walk away with the full amount.

Home equity is the difference between the price for which a home could be sold (market value) and the total debts registered against it. It is the amount of financial assets you’ve accumulated in your home by the above-mentioned calculation.

PLEASE NOTE: The health and welfare of all our customers and staff remains our top priority, and we are being diligent with our sanitization protocols.  We are taking actions to limit contact with the public, while still being there for you, our customers. With this in mind, our office is closed to walk-ins, but operating on an appointment only basis. We ask that you arrive to your pre-booked appointment wearing a mask. Masks are mandatory for staff and clients during the entirety of the visit. We offer masks & gloves at our office. Plexiglass barriers have also been installed at all of the desks.  As always, if you or someone in your household is feeling unwell and/or showing symptoms of COVID-19, we ask that you refrain from in-person appointments.   Please contact one of our Professional Home Consultants to schedule an in-person meeting. If you prefer, we do also offer virtual services for meetings, home showings and closings. All new inquiries are to be made via our office phone voicemail system (902)835-8388 or by email:   We are continuing to monitor the COVID-19 situation as it unfolds, and are working on contingencies that will ensure that our clients may continue to be served during these uncertain times.   We thank you for your understanding and we hope you stay safe & healthy. We will get through this together!   Note: This information is current as of June 29th, 2021. 
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