Using Your Home Equity for Other Goals Harrisburg PA

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

Pennsylvania State Employees Credit Union
(610) 865-2400
1 Credit Union Place
Harrisburg, PA
Pennsylvania Commonwealth of
(717) 777-2100
Harrisburg, PA
Allied Home Mtg Capital Corp
(717) 909-9060
4701 N Front St
Harrisburg, PA
Innovative Funding Group
(717) 652-3900
500 N Progress Ave
Harrisburg, PA
Blue Chip Mortgage Wholesale Llc
(717) 545-0063
4800 Linglestown Rd
Harrisburg, PA
All Fund Mortgage
(717) 671-5460
4949 Devonshire Rd
Harrisburg, PA
PA Central Federal Credit Union
(717) 671-5582
5137 Jonestown Rd
Harrisburg, PA
A Key To Your Castle
(717) 986-0132
907 Orange St
Harrisburg, PA
Fulton Bank
(717) 255-7542
200 N 3rd St Fl 1
Harrisburg, PA
Statewide Mortgage
(717) 986-1938
1271 Eisenhower Blvd
Harrisburg, PA

 

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

Pennsylvania State Employees Credit Union

(610) 865-2400
1 Credit Union Place
Harrisburg, PA


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