Using Your Home Equity for Other Goals Beckley WV

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

Citifinancial
(304) 252-8581
3136 Robert C Byrd Dr
Beckley, WV
Wells Fargo Home Mortgage
(304) 929-6270
921 Neville St Ste 100
Beckley, WV
Pro Home Lending
(304) 252-2214
Beckley, WV
American General Financial Services
(304) 256-0100
309 Beckley Crossing Shp
Beckley, WV
United Bank
(304) 256-7293
Beckley, WV
Countrywide Home Loans
(304) 255-8922
110 Sunset Dr
Beckley, WV
Richard Tocado Companies Inc
(304) 253-1199
Beckley, WV
Citifinancial
(304) 252-8492
3136 Robert C Byrd Dr
Beckley, WV
Stinson Mortgage
(304) 253-0069
110 Sunset Dr
Beckley, WV
United Bank
(304) 256-7281
Beckley, WV

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

Eagle Nationwide Mortgage Company

Call us today toll free 877-248-6890 and apply for a low fixed rate or apply online at www.wv-mortgageloan.com

304-521-2004
414 11TH Street, Suite 102
Huntington, WV
www.wv-mortgageloan.com

Eagle Nationwide Mortgage Company West Virginia Home Loans

Though we are nationwide, we specialize in home lending right here in our own back yard. Our staff are all long term residents of West Virginia. This is our community, and we want to see it grow and prosper. Our West Virginia mortgage programs are designed to assist homeowners and homebuyers get the right loan for them.

The West Virginia USDA Loan is a perfect fit for West Virginia homebuyers. It's helping increase homeownership in rural areas and has many benefits.

No down payment
No PMI
102% of the appraised value
No reserve requirements
620 Score with little weight given to past credit
Low Fixed Rates
Our West Virginia FHA loans are one of the most popular of our mortgage programs.

96.5% Loan to Value
Down Payment can come from a gift
580 Credit score for purchase
560 Credit Score for Refinance
Some programs allow for Non-Occupying Coborrowers
Historically low interest rates
We also offer Fannie Mae and Freddie Mac conventional loans at superior rates.

It's important to us that our community benefits from all of the wonderful programs available. We want to make sure that these mortgage programs help our friends here in West Virginia secure the best mortgage loan they can.


http://www.wv-mortgageloan.com

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