Using Your Home Equity for Other Goals Frankfort 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

Farmers Bank & Capital Trust Co
(502) 227-1601
Frankfort, KY
National City Mortgage
(502) 695-9063
302 Brighton Park Blvd
Frankfort, KY
Kentucky State of
(502) 564-4775
417 High St
Frankfort, KY
First Federal Savings Bank of Frankfort
(502) 695-3400
190 Versailles Rd
Frankfort, KY
Stockton Mortgage Fax
(502) 227-1700
88C C Michael Davenport
Frankfort, KY
Pathfinder
(502) 899-9242
3418 Frankfort Ave
Louisville, KY
Novastar Home Mortgage
(502) 894-6091
105 S Sherrin Ave
Louisville, KY
Personal Finance Co
(270) 826-7702
2480 US Highway 41 N Ste B
Henderson, KY
Regency First Mortgages
(502) 491-4691
8911 Greeneway Commons Pl
Louisville, KY
Ctx Mortgage Company
(502) 239-1090
5811 Bardstown Rd
Louisville, 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

Summit Mortgage Company Of The Bluegrass

859-219-9060
1718 Sharkey Way Suite 200
Lexington, KY
http://www.summitmortgagebg.com

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