Using Your Home Equity for Other Goals Corbin 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

Cumberland Valley Mortgage
(606) 258-0331
704 Conductor St
Corbin, KY
Citifinancial
(606) 526-6781
14949 N US Highway 25 E
Corbin, KY
Bb&t
(606) 528-6600
1390 Master St
Corbin, KY
Bb&t
(606) 528-6600
1390 Master St
Corbin, KY
American General Financial Services
(606) 523-3695
727 W Cumberland Gap Pkwy
Corbin, 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

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

Allied Home Mortgage Capital Corporation

859-263-2008
2161 Lexington Rd Suite 8
Lexington, KY
http://www.alliednow.com


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