Using Your Home Equity for Other Goals Jackson 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

PHH Mortgage
517.214.8471
2949 Muma Rd
Parma, MI
PHH Mortgage
517.214.8471
2949 Muma Rd
Parma, MI
Michigan Home Finance
(517) 764-0484
5495 Ann Arbor Rd
Jackson, MI
Flagstar Bank
(517) 787-9700
301 W Michigan Ave
Jackson, MI
United Mortgage Co Llc
(517) 783-9500
180 W Michigan Ave
Jackson, MI
Superior Mortgage Brokers Inc
(517) 990-6921
3904 La Salle St
Jackson, MI
Citizens Bank Jackson-Mortgage Originator
(517) 788-2743
Jackson, MI
Ryder Mortgage Inc
(517) 782-7380
3904 La Salle St
Jackson, MI
Republic Bank
(517) 789-4365
Jackson, MI
Jackson Affordable Housing Corp
(517) 788-4626
161 W Michigan Ave
Jackson, 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

PHH Mortgage

517.214.8471
2949 Muma Rd
Parma, MI
http://judyburley.phhmortgage.com


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