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Using Your Home Equity for Other Goals Milford CT

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 ...

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A STRAIGHT TO THE POINT FINANCING
(203) 576-6877
242 GODDARD AVENUE
BRIDGEPORT, CT
Joanna Martin/Coldwell Banker
203-453-4477
226 East Main Street
Branford, CT
SETTLERS MORTGAGE COMPANY LLC
(203) 227-2422
Evergreen Parkway
Westport, CT
Northeast Mortgage
860-664-4400
800 Main Street South
Southbury, CT
Scholastic Mortgage
203-453-5555
96 Broad Street
Guilford, CT
Wells Fargo Home Mortgage
203-458-0140
125 Water Street
Guilford, CT
Coldwell Banker Coast & Country
203 458-4100
1250 Boston Post Road
Guilford, CT
H. Pearce Real Estate Co., Inc
203 453-2737
88 Broad Street
Guilford, CT
Page Taft GMAC Real Estate
203-453-6511
89 Whitfield Street
Guilford, CT
Page Taft GMAC Real Estate - Paula Baraket
203-453-6511
89 Whitfield Street
Guilford, CT

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 STRAIGHT TO THE POINT FINANCING

2035766877
242 GODDARD AVENUE
BRIDGEPORT, CT
Read more about Using Your Home Equity for Other Goals

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