Using Your Home Equity for Other Goals Louisiana

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

Avenue Mortgage
504-525-4663
322 Lafayette St
New Orleans, LA
Beneficial Mortgage
504-733-6996
1200 S Clearview Pkwy
New Orleans, LA
A American Mortgage Network
225-298-1210
2900 Westfork Dr
Baton Rouge, LA
United First Financial
225 921-2206
9345 Corsica Ave
Baton Rouge, LA
360 Mortgage
225-293-6422
3851 S Sherwood Forest Blvd
Baton Rouge, LA
Benchmark Mortgage
504-737-8440
6226 Jefferson Hwy
New Orleans, LA
1st Continental Mortgage of Br
225-295-0750
2531 Toulon Dr
Baton Rouge, LA
Amerivest Mortgage Corporation of Louisiana Inc
504-529-3771
365 Canal St
New Orleans, LA
Ameri Home Mortgage LLC
504-218-7674
4011 Saint Claude Ave
New Orleans, LA
Best Mortgages Resource
504-363-4757
3725 Macarthur Blvd
New Orleans, LA

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

Avenue Mortgage

504-525-4663
322 Lafayette St
New Orleans, LA

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