Using Your Home Equity for Other Goals Campbellsville KY

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

Guardian Mortgage Llc
(270) 465-9797
112 Roberts Rd
Campbellsville, KY
Boston Pacific Mortgage
(502) 423-9119
2000 Warrington Way Ste 220
Louisville, KY
Classic Mortgage
(502) 222-8896
704 W Jefferson St
La Grange, KY
Maverick Residential Mortgage
(502) 491-6813
3701 Taylorsville Rd
Louisville, KY
Century Mortgage
(270) 360-0128
2935 Dolphin Dr
Elizabethtown, KY
Bb&t
(270) 782-4411
Fountain Sq
Bowling Green, KY
US Equity Mortgage
(502) 339-5626
9400 Williamsburg Plz
Louisville, KY
The Mortgage Connection
(859) 278-7672
274 Southland Dr
Lexington, KY
Gulf American Mortgage
(502) 292-0786
5210 Wolfpen Woods Dr
Prospect, KY
Peoples Bank & Trust Company
(606) 436-2161
524 Main St
Hazard, KY

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

Priority Mortgage Associates, LLC

270-763-8111
2832 Shepherdsville Rd.
Elizabethtown, KY
http://www.kymortgagepro.com

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