Using Your Home Equity for Other Goals Minden 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 ...

Local Companies

Zydeco Community Housing Development Organization
(337) 232-9118
1006 Surrey St
Lafayette, LA
Prime Lending Inc
(985) 340-5005
1120 Roma Ave
Hammond, LA
Louisiana South Mortgage
(225) 473-0800
601 Bayou Rd
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Redstick Mortgage
(337) 988-5411
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Certified Home Lending
(225) 292-2700
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Mortgage Freedom Club Llc
(337) 855-4113
634 N Highway 171
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Cottonport Insurance Agency Llc
(225) 618-9220
420 Hospital Rd
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Enhance Residential Lending
(337) 237-8833
850 Kaliste Saloom Rd
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Benchmark Mortgage
(318) 387-5626
2406 Ferrand St
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Community Associates Inc
(504) 822-0900
3131 Metairie Rd
Metairie, 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


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