Using Your Home Equity for Other Goals Haverhill MA

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

Pro Loan Finders, LLC
800-460-4158
39 Samoset
Salem, NH
Omnify Software
978-988-3800
10 New England Business Center Drive
Andover, MA
First Call Mortgage Company
603-247-2885
100 Brickstone Square
Andover, MA
First Eagle Mortgage
978-777-7767
44 Maple Street
Danvers, MA
A Smarter Way To Refinance
603-233-3035
229 Lund Rd
Nashua, NH
Haverhill Bank
(978) 374-2600
163 S Main St
Haverhill, MA
Pentucket Bank
(978) 372-7731
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Washington Mortgage Co
(978) 373-8869
25 Railroad Sq
Haverhill, MA
Ctx Mortgage Company
(978) 372-3033
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First Eagle Mortgage
(978) 372-4422
Haverhill, MA

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

Pro Loan Finders, LLC

800-460-4158
39 Samoset
Salem, NH
http://www.proloanfinders.com

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