Using Your Home Equity for Other Goals Cedartown 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

Cummings Mortgage Co.
706-295-7165
111 Bridgepoint Plaza Ste 302
Rome, GA
Title One Mortgage Inc
(770) 749-2174
522 N Main St
Cedartown, GA
At Your Service Mortgage
(770) 748-2488
411 S College St
Cedartown, GA
Suntrust Mortgage Inc
(678) 757-2327
Cedartown, GA
Home America Mortgage Inc of Cedartown
(770) 748-2488
411 S College St
Cedartown, GA
All Source Mortgage
(770) 387-3400
1124 N Tennessee St
Cartersville, GA
Debt Elimination Group
(770) 476-2179
3473 Satellite Blvd
Duluth, GA
First Metropolitian Mortgage Co
(770) 953-0099
2250 Corporate Plaza Pkwy
Smyrna, GA
Wells Fargo Home Mortgage
(229) 253-8075
406 Northside Dr
Valdosta, GA
Sunshine Mortgage
(770) 649-4900
1000 Mansell Exchange
Atlanta, 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

Cummings Mortgage Co.

706-295-7165
111 Bridgepoint Plaza Ste 302
Rome, GA
cmymortgage.com


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