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Using Your Home Equity for Other Goals Massachusetts

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

JPMorgan Chase - Home Mortgage
(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA
Pioneer Financial Group
(617)8686300
1972 Massachusetts Avenue
Cambridge, MA
Omnify Software
978-988-3800
10 New England Business Center Drive
Andover, MA
First Call Mortgage Company
603-247-2885
100 Brickstone Square
Andover, MA
Emerson Lending
978-264-4803
179 Great Road
Acton, MA
American Honda Finance Corp
(413) 567-0844
171 Dwight Rd
Longmeadow, MA
MetLife Home Loans
508-667-2981
586 Kelly Boulevard
N. Attleboro, MA
SB Mortgage Group Inc
508-407-5430
206 Southbridge St
Auburn, MA
American Mortgage Resource, Inc.
(617)9728588
62 Mount Auburn Street
Watertown, MA
First Eagle Mortgage
978-777-7767
44 Maple Street
Danvers, MA

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

JPMorgan Chase - Home Mortgage

(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA
Read more about Using Your Home Equity for Other Goals

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Urban Land Institute Spring Council Forum
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