Using Your Home Equity for Other Goals Houma LA

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

Pinnacle Financial Corporation
(985) 868-7554
1244 Barrow St
Houma, LA
Brennan Mortgage Co
(985) 872-9190
Houma, LA
Regions Mortgage
(985) 857-0402
801 Barrow St
Houma, LA
Acadian Mortgage of Houma
(985) 868-1642
1068 W Tunnel Blvd
Houma, LA
First Guaranty Bank
(985) 375-0330
2111 W Thomas St
Hammond, LA
Grady Skipper Appraiser
(225) 749-0081
1848 Allene St
Baton Rouge, LA
Castlerock Mortgage
(318) 549-0200
4530 Barksdale Blvd
Bossier City, LA
Home Loan Corporation
(225) 292-2601
11732 Market Place Ave
Baton Rouge, LA
Sabine State Bank & Trust Co
(318) 352-0055
5811 Highway 1 Byp
Natchitoches, LA
Homeloan Corporation
(318) 795-9091
6425 Youree Dr
Shreveport, LA

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

Beneficial Mortgage

504-733-6996
1200 S Clearview Pkwy
New Orleans, LA
http://www.beneficial.com

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