Question 1

What is the difference between gross equity and net equity?

Accepted Answer

Gross equity is simply your home value minus your mortgage balance. Net equity subtracts selling costs (realtor fees, legal fees, staging, and other selling expenses) — it represents what you would actually walk away with after a sale.

Question 2

How accurate is my estimated home value?

Accepted Answer

This calculator uses the value you enter. For a precise estimate, Felix can prepare a Comparative Market Analysis (CMA) based on recent sales of similar homes in your neighbourhood — free, with no obligation.

Question 3

When does it make sense to tap home equity?

Accepted Answer

Common reasons include home renovations that increase value, consolidating higher-interest debt, or funding a down payment on an investment property. Speak with a mortgage broker about HELOC or refinancing options before deciding.

Home Equity Snapshot

How This Is Calculated

Home Equity Snapshot

How This Is Calculated