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Using Your Home Equity for Other Goals Kentucky

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

Old Colonial Mortgage LLC
502-423-5400
2302 Hurstbourne Village Dr Ste 1200
Louisville, KY

Webmyne
0235464
Hopkinsville
Kentucky, KY

Summit Mortgage Company Of The Bluegrass
859-219-9060
1718 Sharkey Way Suite 200
Lexington, KY

Countrywide Home Loans
859-260-1742
2380 Norman Ln
Lexington, KY

Priority Mortgage Associates, LLC
270-763-8111
2832 Shepherdsville Rd.
Elizabethtown, KY

Wells Fargo Home Mortgage
(859) 745-0733
114 S. Maple St
Winchester, KY

A+ Credit, LLC
502-459-2222
3801 Springhurst Blvd.
Louisville, KY

The Cecilian Bank
270-737-3750
2633 Leitchfield Rd
Elizabethtown, KY

Aaron Mortgage Co Hikes Point
502-451-3002
2950 Breckenridge Ln
Louisville, KY

Residential Mortgage Services
859-252-5626
191 Kentucky Avenue
Lexington, KY

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

Old Colonial Mortgage LLC

502-423-5400
2302 Hurstbourne Village Dr Ste 1200
Louisville, KY
http://www.ocmrates.com

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Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History