Using Your Home Equity for Other Goals Chatsworth 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

H M C Mortgage
(706) 494-5814
4 Bradley Park Ct
Columbus, GA
Moody Mortgage Corp
(912) 368-3980
108B S Commerce St
Hinesville, GA
Nationwide Mortgage Services
(404) 256-5345
4784 Roswell Rd NE
Atlanta, GA
First Star Mortgage Group Llc
(770) 277-9324
4850 Sugarloaf Pkwy
Lawrenceville, GA
Lively Jim
(912) 285-5629
214 Screven Ave
Waycross, GA
American Home Mortgage
(404) 869-9099
3340 Peachtree Rd NE
Atlanta, GA
State Farm
(706) 778-1112
572 Main St N
Cornelia, GA
Regal Mortgage Funding Group Inc
(770) 386-8446
1 Townsley Dr
Cartersville, GA
Washington Mutual
(404) 842-0197
3330 Piedmont Rd NE
Atlanta, GA
G B Home Equity
(770) 206-5700
1455 Lincoln Pkwy E Ste 630
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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