Using Your Home Equity for Other Goals Johnstown PA

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

First Commonwealth Home Mortgage
(814) 535-8705
217 Franklin St
Johnstown, PA
Wells Fargo Home Mortgage
(814) 269-4199
Johnstown, PA
Advanced Lending Solutions Llc
(814) 255-2001
1755 Goucher St
Johnstown, PA
Assure Home Equity
(814) 535-6999
227 Franklin St Ste 214
Johnstown, PA
Countrywide Home Loans
(814) 262-0555
2450 Bedford St
Johnstown, PA
Wells Fargo Home Mortgage
(814) 266-9500
2458 Bedford St
Johnstown, PA
Countrywide Home Loans
(814) 266-2883
212 Bloomfield St
Johnstown, PA
American General Consumer Discount Company
(814) 266-5808
1513 Scalp Ave
Johnstown, PA
Citizens Bank
(717) 464-8000
Willow Street, PA
Equity One Inc
(570) 601-1250
201 Basin St Ste 8
Williamsport, PA

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

A J Mortgage & Home Equity Inc

412- 798-5100
7890 Saltsburg RD
Pittsburgh, PA


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