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Using Your Home Equity for Other Goals Mississippi

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

Easy Money Emg
(601) 939-0262
401 Cross Park Dr
Pearl, MS

Shelby Mortgage Corporation
662-280-7730
917 Ferncliff Cove #5
Southaven, MS

FAIRWAY MORTGAGE
662-429-5100
224 West Commerce St
Hernando, MS

Mortgage Lending Group
601-664-9200
586 Lakeland Drive East Suite A
Flowood, MS

American General Financial Services
(601) 924-4602
602 Springridge Rd
Clinton, MS

BancorpSouth
(601) 925-4111
812 Highway 80 E
Clinton, MS

Bankplus
(601) 926-0003
217 Clinton Blvd
Clinton, MS

BancorpSouth
(601) 936-8400
2301 Highway 80 E
Pearl, MS

Navy
(601) 939-5916
15214 Crossroads Pkwy
Pearl, MS

Regions Mortgage Applications
(601) 960-2565
3101 Highway 80 E
Pearl, MS

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

Easy Money Emg

(601) 939-0262
401 Cross Park Dr
Pearl, MS
http://www.cash30minutes.com

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History