Using Your Home Equity for Other Goals Janesville WI

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

Blackhawk Community Credit Union
(608) 755-6060
2704 E Milwaukee St
Janesville, WI
M & I Bank
(608) 754-7771
100 N Main St
Janesville, WI
Rock County Mortgage Corp
(608) 754-6624
32 S Main St
Janesville, WI
Mid America Bank
(608) 876-6121
365 Center Ave
Janesville, WI
Johnson Bank
(608) 743-1500
1 S Main St
Janesville, WI
Johnson Bank
(608) 743-1500
1 S Main St
Janesville, WI
1st Sherwood Mortgage Corporation
(608) 758-9902
303 W Court St
Janesville, WI
Johnson Bank
(608) 743-1500
1 S Main St
Janesville, WI
Capital Mortgage Financial Corp
(608) 755-3800
1326 Creston Park Dr
Janesville, WI
Johnson Bank
(608) 743-4050
2021 Holiday Dr
Janesville, WI

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

ASAP Mortgage

608-237-8900
1250 Femrite DR
Madison, WI


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