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Using Your Home Equity for Other Goals Hilo HI

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

Mortgage Masters
(808) 355-8803
Hilo, HI

Island Mortgage Llc
(808) 961-3377
Hilo, HI

First Hawaiian Bank
(808) 961-6075
Hilo, HI

American Savings Bank
(808) 933-8215
Hilo, HI

Hawaii National Bank
(808) 981-7300
2100 Kanoelehua Ave
Hilo, HI

American Savings Bank
(808) 933-7599
Hilo, HI

Amber Financial Group Llc
(808) 935-4008
Hilo, HI

First Hawaiian Bank
(808) 961-6075
Hilo, HI

Paradise Home Loans
(808) 217-0757
Hilo, HI

Legacy Mortgage
(808) 935-0733
Hilo, HI

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