My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

Using Your Home Equity for Other Goals Grosse Pointe MI

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

Infinity Mortgage
313-245-9931
11175 Balfour RD
Detroit, MI
Real Choice Realty Windsor Ltd.
519-979-1717
Tecumseh, ON
Amstar Mortgage Corp
313-420-0223
950 Marston St
Detroit, MI
First Mortgage Fund
313-872-6242
2843 E Grand Blvd
Detroit, MI
American Mortgage
313-262-7303
1249 Washington Blvd
Detroit, MI
Creative Mortgage
313-964-6602
615 Griswold St
Detroit, MI
Lasalle Home Lending Centers
313-234-8674
500 Griswold St
Detroit, MI
Michigan Mortgage Group
313-285-1145
645 Griswold St
Detroit, MI
Able Mortgage Group
313-340-1090
18984 Livernois Ave
Detroit, MI
Bretlin Home Mortgage
313-864-0963
7631 W Mcnichols RD
Detroit, MI

 

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

Infinity Mortgage

313-245-9931
11175 Balfour RD
Detroit, MI
Read more about Using Your Home Equity for Other Goals

Related Articles
- How Does Your House Rate? Grosse Pointe MI
How Does Your House Rate? A well-designed house accomplishes a number or wide ranging goals. It provides for a safe haven from the world, a place for your family to gather, active space for family and solo activities, a work site for a home office, and a welcome environment for entertaining. When a house meets all these demands, it provides a successful background for living. Your home should be easy, workable and convenient, as well as adaptable, flexible, and ...
- Home Improvement on a Budget Grosse Pointe MI
- Saving Money on a New House Grosse Pointe MI
- Home Building with Sustainable Materials Grosse Pointe MI
- How to know what remodeling your home will actually cost you Grosse Pointe MI
- Your home is not really an expense; it is an investment Grosse Pointe MI
- Determine the right borrowing solution for your home renovations - large or small Grosse Pointe MI
- The Sky is The Limit with Skylights! Grosse Pointe MI
- Today It is Easier Than Ever To Improve Your Homes Curb Appeal Grosse Pointe MI
- How to Get More Space Out of Your Home Office Grosse Pointe MI
Related Articles
- How Does Your House Rate? Grosse Pointe MI
How Does Your House Rate? A well-designed house accomplishes a number or wide ranging goals. It provides for a safe haven from the world, a place for your family to gather, active space for family and solo activities, a work site for a home office, and a welcome environment for entertaining. When a house meets all these demands, it provides a successful background for living. Your home should be easy, workable and convenient, as well as adaptable, flexible, and ...
- Home Improvement on a Budget Grosse Pointe MI
- Saving Money on a New House Grosse Pointe MI
- Home Building with Sustainable Materials Grosse Pointe MI
- How to know what remodeling your home will actually cost you Grosse Pointe MI
- Your home is not really an expense; it is an investment Grosse Pointe MI
- Determine the right borrowing solution for your home renovations - large or small Grosse Pointe MI
- The Sky is The Limit with Skylights! Grosse Pointe MI
- Today It is Easier Than Ever To Improve Your Homes Curb Appeal Grosse Pointe MI
- How to Get More Space Out of Your Home Office Grosse Pointe MI
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
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
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.