Using Your Home Equity for Other Goals Levittown 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

A Z Mortgage Incorporated
(215) 676-8085
1728 Welsh Rd
Philadelphia, PA
Bank of America
(800) 841-4000
1000 Cottman Ave
Philadelphia, PA
PHH Mortgage
603 997-6982
1 Mortgage Way
Mount Laurel, NJ
Atlantic Pacific Mortgage Corp
215-794-0102
5230 York Road
Holicong, PA
A PC Incorporated
(215) 549-3146
1700 Widener Pl
Philadelphia, PA
Mid Atlantic Capital, LLC
800-232-5171
405 Kings Highway South
Cherry Hill, NJ
Thomson Capital Group
215.489.1829
Box 655
Doylestown, PA
CREATIVE MORTGAGE GROUP
267-255-8353
1126 Horsham Road
Maple Glen, PA
First National Bank of Newtown
(215) 946-8400
1279 Lincoln Hwy
Levittown, PA
A1 Mortgage Services Co
(215) 269-1122
80 Lakeside Dr
Levittown, 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 Z Mortgage Incorporated

(215) 676-8085
1728 Welsh Rd
Philadelphia, PA

Related Local Event
New Member Orientation
Dates: 9/10/2009 - 9/10/2009
Location: ABC Chapter Office
Norristown, PA
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