Using Your Home Equity for Other Goals Americus GA

Your home equity is the current value of your home less what you still owe on it. For example, if your home is valued at $250,000 and your outstanding mortgage is $120,000, your equity is $130,000. The equity you have built in your home can be a valuable source of financing. You can borrow against it to pay for your child's tuition, purchase an investment portfolio, pay for large-scale home renovations, or buy an income property. In some instances, the interest may even ...

Local Companies

Country Mortgages by Farm Credit
(229) 924-6025
1037 E Forsyth St
Americus, GA
Synovus Mortgages Corp
(229) 928-3788
201 E Lamar St
Americus, GA
Wachovia
(229) 924-8214
Americus, GA
Washington Mutual
(770) 996-1344
6025 Old National Hwy
College Park, GA
Buford Financial Services
(770) 889-2495
561 Lakeland Plz
Cumming, GA
Penn Rick
(404) 261-7210
Atlanta, GA
Intown Financing
(678) 475-6953
3722 E Bay St
Duluth, GA
Tinsley Financial
(770) 650-7979
350 Northridge Rd Ste 3B
Atlanta, GA
Regions Mortgage
(706) 886-8481
303 Doyle St W
Toccoa, GA
Money Source Inc
(770) 226-0356
1240 Powers Ferry Cmn SE
Marietta, GA

Your home equity is the current value of your home less what you still owe on it. For example, if your home is valued at $250,000 and your outstanding mortgage is $120,000, your equity is $130,000.

The equity you have built in your home can be a valuable source of financing. You can borrow against it to pay for your child’s tuition, purchase an investment portfolio, pay for large-scale home renovations, or buy an income property. In some instances, the interest may even be tax-deductible.

Your tax advisor and mortgage specialist can help you decide whether it makes financial sense to tap into your home’s equity.

This article was provided by ScotiaBank. Let us help you get the upper hand on your home financing. Visit scotiabank.com/upperhand for great tips, calculators and more. Want to get more information on your home-related financing goals by email? Sign up here.

Read article at HomeRenovationGuide.com

Featured Local Company

WR Starkey Mortgage, LLP - Chris McDonald

334-332-5252
1912 Opelika Rd
Phenix City, AL


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