Using Your Home Equity for Other Goals Kahului HI

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

Shirley Suguitan Legacy Mortgage
808-268-0730
1999 Main Street
Wailuku, HI
2B Enterprises
(808) 573-2214
128 Aliiolani St
Makawao, HI
Wells Fargo Home Mortgage
(808) 573-4900
8 Kiopaa Pl Ste 101
Makawao, HI
First Hawaiian Bank
(808) 572-7238
67 Makawao Ave
Makawao, HI
American Savings Bank
(808) 572-7263
55 Pukalani St Ste 4
Makawao, HI
Bank Of Hawaii
(808) 572-7242
5501 Pukalani
Makawao, HI
Valley Isle Mortgage Inc.
(808) 573-0022
3240 Old Haleakala Hwy
Makawao, HI
Home Loan Express Hawaii Llc
(808) 873-2020
151 E Wakea Ave Ste 204
Kahului, HI
Maui Mall
(808) 893-0893
Kahului, HI
First Hawaiian Bank
(808) 873-2227
Kahului, HI

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

Shirley Suguitan Legacy Mortgage

808-268-0730
1999 Main Street
Wailuku, HI
http://www.ishirleysuguitan.com

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