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Using Your Home Equity for Other Goals Arkansas

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

Fairway Independent Mortgage Corporation
501-614-4600
1819 N. Filmore Street
Little Rock, AR

Meridian Mortgage
(479) 464-7375
Bentonville, AR

Gateway Mortgage Corp
(501) 778-2100
117 S Market St Ste 201
Benton, AR

Mason & Co Realty
(501) 985-0755
215 S 2nd D St
Jacksonville, AR

Allied Home Mortgage
(501) 374-0870
323 Center St Ste 1202
Little Rock, AR

Phh Mortgage Kim Blalock
(870) 268-0040
Jonesboro, AR

Anb Financial
(479) 855-5700
14 Riordan Rd
Bella Vista, AR

Arvest
(479) 271-1253
406 S Walton Blvd
Bentonville, AR

Pulaski Mortgage Co
(479) 464-5058
2308 SE 28th St Ste 8
Bentonville, AR

First Security Bank
(479) 246-7010
Rogers, AR

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

Fairway Independent Mortgage Corporation

501-614-4600
1819 N. Filmore Street
Little Rock, AR

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History