Equity is an asset that your home accumulates as you pay down your mortgage. You can also increase your equity by making renovations or otherwise improving how valuable your property is. Your equity will even rise by itself if your neighborhood becomes more desirable. To calculate how much home equity you have, simply tally up the estimated real estate value of your property and subtract the balance remaining on your existing mortgage. Once you have at least 20% equity, you’ll be able to access a variety of credit products that are secured against it. For more details, Contact me today! Nishant Govindan Email: nishant@wolfpackmortgagesolutions.com Tel: (647)646.6843 www.nishantgovindan.com #wolfpackmortgagesolutions #canadianmortgages #dlc #mortgage #mortgagebroker #mortgageaget #refinance #newhome #mortgagerenewal #kingstonontario #perthontario #bellevilleontario #londonontario #oakvilleontario #ottawaontario #westportontario #toronto #brampton #vaughan #oakville #vancouver #calgary #pembroke #cornwall #gananoque #napanee #ajax Powered by DLC National FSRA#12360 Independently owned and operated.