Using Your Home Equity for Other Goals Edmond OK

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

Gernco Mortgage
405-476-3407
5909 NW Expressway Suite 420
Oklahoma City, OK
Grandmark Mortgage
(405) 285-2661
203 E 10th Street Plz
Edmond, OK
Cross Point Mortgage
(405) 348-7878
3855 S Boulevard St
Edmond, OK
American Mortgage Group
(405) 340-7044
941 NW 164th St
Edmond, OK
Magnum Mortgage Inc
(405) 844-0522
1701 E 2nd St
Edmond, OK
Countrywide Home Loans
(405) 330-3864
3320 S Broadway
Edmond, OK
Spurr Mortgage
(405) 348-9919
301 S Bryant Ave Ste C100
Edmond, OK
All Star Mortgage
(405) 330-0580
1508 Walnut Cove Rd
Edmond, OK
Equity Mortgage Centers Inc
(405) 705-5626
428 W 15th St
Edmond, OK
North Star Lending
(405) 285-1670
416 W 15th St
Edmond, OK

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

Gernco Mortgage

405-476-3407
5909 NW Expressway Suite 420
Oklahoma City, OK

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