Aug 31, 2023
Copilot can now automatically keep track of Real Estate value estimates, and show you your Home Equity directly in the Investments tab. Even if you’re not a homeowner right now, we know this is something you might find useful in the future.
In the latest version of our apps (version 3.3.0 for both iOS and Mac), you’ll be able to add a new type of account called Real Estate. This type of account automatically keeps track of the estimated market value of the property.
After confirming the purchase date and price, Copilot will also let you link it with a mortgage account to help you see your Home Equity right in the Investments tab.
Home Equity is the portion of your property that you truly "own." It's calculated by taking the current market value of your property and subtracting any outstanding mortgage balance. In simple terms, home equity represents the financial stake you have in your home. As you pay down your mortgage or as the property's value increases, your home equity grows.