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Using Your Home Equity for Other Goals Missouri

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

AAA Home Mortgage
816-452-9492
3000 NE Brooktree Ln
Kansas City, MO

Joyce Hunter, Mortgage Consultant
314-450-4016
8125 Delmar Blvd.
St. Louis, MO

Countrywide Home Loans
816-455-3900
303 NE Englewood RD
Kansas City, MO

Midwest Mortgage Capital
314-787-2900
1227 Fern Ridge Pkwy Ste 200
St. Louis, MO

Agf Mortgage
816-361-9988
9140 Ward Pkwy
Kansas City, MO

New Beginnings Mortgage
816-595-6220
9200 Ward Pkwy Ste 410
Kansas City, MO

Assured Mortgage, LLC
816-468-1209
6910 N Holmes Suite 201
Kansas City, MO

APPROVED MORTGAGE
816 461-9900
13910 e noland ct
independence, MO

Gateway Mortgage Group
866-901-6184
100 S Main Suite A
Clinton, MO

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

AAA Home Mortgage

816-452-9492
3000 NE Brooktree Ln
Kansas City, MO

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