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Using Your Home Equity for Other Goals Arizona

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 ...

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Cornerstone Financial Services
623332-3714
7575 E. Redfield Road #213
Scottsdale, AZ

American Trust Insurance Brokers
602882-2587
7134 W. Planada Lane
Glendale, AZ

Reverse Mortgage Concepts
480-306-4432
9915 E Bell Rd Suite 114
Scottsdale, AZ

American Home Loans
480-385-2741
6750 E Camelback RD
Scottsdale, AZ

Sun State Home Loans
480-585-1616
8765 E Bell Rd
Scottsdale, AZ

Centric Mortgage
480-607-7888
8655 E Via De Ventura
Scottsdale, AZ

Reverse Mortgage Concepts
480-306-4432
9915 E Bell Rd
Scottsdale, AZ

Mortgage Concepts, LLC
480-306-4432
7310 N 16th Street
Phoenix, AZ

Nova Home Loans
480.614.6409
8800 East Raintree Dr. Ste 180
Scottsdale, AZ

State Farm Ins. - Maria Casebeer
623412-2770
8392 W. Thunderbird Rd. # 101
Peoria, AZ

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

Cornerstone Financial Services

623332-3714
7575 E. Redfield Road #213
Scottsdale, AZ

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