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Using Your Home Equity for Other Goals El Dorado AR

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

First National Bank In Mena
(479) 394-3552
1 Financial Ctr
Mena, AR

Bank of the Ozarks
(501) 978-2300
Chelan Park & W Mark
Little Rock, AR

1st Metropolitan Mortgage
(501) 244-0300
523 Louisiana St
Little Rock, AR

Diamond Lakes Federal Credit Union
(501) 332-6530
7333 Highway 270
Malvern, AR

American Mortgage Associates
(870) 935-0591
Jonesboro, AR

First National Banking Company
(870) 994-2311
PO Box 8
Ash Flat, AR

Pulaski Mortgage Company
(870) 733-0475
106 Dover Rd Ste A
West Memphis, AR

First National Banking Company
(870) 895-3584
Salem, AR

Hog Country Mortgage Brokers
(479) 587-1600
102 E Sunbridge Dr
Fayetteville, AR

Integrity Home Mortgage Inc
(479) 927-0088
Springdale, AR

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

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Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History