Using Your Home Equity for Other Goals Manassas VA

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

Cash For Your Notes Today
1888 292 1803
PO BOX 7437
Woodbridge, VA
Bank of America Mortgage
703-813-5166
7619 Little River Turnpike
Annandale, VA
Pineapple Lending Corp
703-547-1451
1801 Reston Parkway
Reston, VA
Countrywide Home Loans
(703) 615-7355
5911 Kingstowne Village Parkway
Washington, DC
Bb&t
(703) 361-1986
8780 Centreville Rd
Manassas, VA
Mortgage Solutions
(703) 794-1600
Manassas, VA
Citifinancial
(703) 335-9196
8367 Sudley Rd
Manassas, VA
Suntrust Mortgage Inc
(703) 335-5443
9324 West St
Manassas, VA
Agressive Mortgage
(703) 330-0452
7528 Diplomat Dr
Manassas, VA
Suntrust Mortgage
(703) 335-7028
9324 West St
Manassas, VA

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

Cash For Your Notes Today

1888 292 1803
PO BOX 7437
Woodbridge, VA

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