Using Your Home Equity for Other Goals Macon GA

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

Akridge Realty & Mortgage Inc
(478) 788-0620
5553 Bloomfield Rd
MacOn, GA
Primerica Financial Services Home Mortgages Inc
(478) 745-4001
598 Wt Walton Way # D
MacOn, GA
Suntrust Mortgage Inc
(478) 757-2708
5928 Zebulon Rd
MacOn, GA
Wachovia Mortgage Corporation
(478) 750-2966
484 Mulberry St
MacOn, GA
Prime Home Mortgage Inc
(478) 477-5771
MacOn, GA
Prime Lending
(478) 477-5646
2440 Vineville Ave
MacOn, GA
Citifinancial
(478) 745-5195
1396 Gray Hwy
MacOn, GA
Southern Mortgage Solutions
(478) 474-0023
1345 Lancelot Ln
MacOn, GA
Rockdale Mortgage Company
(478) 738-0166
830 Mulberry St
MacOn, GA
Bb&t
(478) 722-7305
MacOn, GA

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

Georgia Commercial Mortgage Inc.

678-610-1383 0ffice or cell 404-316-1113
9228 Riverchase Way
Jonesboro, GA

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