Using Your Home Equity for Other Goals Jefferson City MO

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

Central and Jefferson Bank
(573) 761-0628
2013 Williams St
Jefferson City, MO
Wells Fargo Home Mortgage
(573) 556-6100
308 E High St
Jefferson City, MO
Worldwide Mortgage
(573) 634-9007
5541 Bradley Dr
Jefferson City, MO
Central Missouri Mortgage
(573) 636-6767
712 Jefferson St
Jefferson City, MO
Premier Mortgage Funding
(573) 761-3000
210 E High St
Jefferson City, MO
Consolidated Financial Group Llc
(573) 556-5626
507 E High St
Jefferson City, MO
Wells Fargo Home Mortgage
(573) 634-7455
308 E High St
Jefferson City, MO
First Horizon Home Loans
(573) 636-5353
3008 Wakoda Dr
Jefferson City, MO
McGuire Mortgage
(573) 632-6500
Jefferson City, MO
Wells Fargo Home Mortgage
(573) 634-8682
Jefferson City, MO

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

The Traci Kane Team - USA Mortgage

314-393-3607
210 Triad West
OFallon, MO


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