Using Your Home Equity for Other Goals Lawton OK

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 National Bank & Trust Co
(580) 536-8801
702 NW Sheridan Rd
Lawton, OK
Washita Mortgage Solutions Llc
(580) 581-1223
1 SW 11th St
Lawton, OK
Megamerica Mortgage
(580) 248-6479
1701 NW Cache Rd
Lawton, OK
Global Mortgage Corp
(580) 536-5566
Lawton, OK
Great Western Mortgage Co
(580) 351-1011
1303 W Gore Blvd
Lawton, OK
Taylor Bean & Whitaker
(580) 355-0010
1701 NW Cache Rd
Lawton, OK
Extraco Mortgage
(580) 248-5363
2210 W Gore Blvd Ste 4
Lawton, OK
American Residential
(580) 357-9500
1116 SW C Ave
Lawton, OK
Countrywide Home Loans
(580) 357-3700
1317 NW Sheridan Rd
Lawton, OK
Exit Realty Benchmark Properties
(580) 355-3948
1317 NW Sheridan Rd
Lawton, OK

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

Gernco Mortgage

405-476-3407
5909 NW Expressway Suite 420
Oklahoma City, OK

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