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.

Covid Update: Due to the high case numbers of COVID-19 currently being reported in the province, & in an effort to keep our staff & community safe, our office is closed for in person appointments at this time. We are happy to assist you safely virtually. (We offer virtual tours, virtual appointments, and dotloop). In person appointments will only be made when absolutely necessary & must be pre-booked. In this case, we will require you to mask, sanitize, complete a covid questionnaire & show proof of double vaccination. Our service team will also not be completing any inside service calls at this time.   We want to assure you that we have your safety top of mind. We are being very diligent with sanitizing and safety measures when it comes to COVID-19. We thank you in advance for your understanding & look forward to assisting you with all of your housing needs.   For more information on our homes, call us at 902-835-8388 or send us an email @ .   We will continue 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 January 5th, 2022. 
Holler Box