Using Your Home Equity for Other Goals Kansas

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

Alpha Mortgage
013-498-8589 X 228
10901 Lowell
Overland Park, KS
Priority Mortgage
(316) 721-7700
900 N Tyler Rd Ste# 12
Wichita, KS
First Horizon Home Loans
(316) 264-9969
800 E 1st St N Ste 310
Wichita, KS
All Credit Mortgage
(316) 266-4859
333 N Waco St
Wichita, KS
MetLife Home Loans
(316) 264-9969
800 E 1st St N Ste 310
Wichita, KS
1st Metropolitan Mortgage
888-913-GREEN
7201 W 129th Street
Overland Park, KS
BankMortgageSolutions
866-603-3208 x 7858
14425 College Blvd ste 100
lenexa, KS
Midwest Mortgage Service
(316) 688-5706
8343 E 32nd St N Ste 125
Wichita, KS
Credit & Debit Counseling
(785) 749-5300
2619 W 6th St Ste D
Lawrence, KS
National Bank of Kansas City-Mortgage Division
(913) 905-2100
10700 Nall Ave
Overland Park, KS

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

Alpha Mortgage

013-498-8589 X 228
10901 Lowell
Overland Park, KS
www.ifyouneedmoney.com

Related Local Event
Annual Holiday Open House
Dates: 12/5/2009 - 12/5/2009
Location: Smoky Hill Museum
Salina, KS
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History