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Using Your Home Equity for Other Goals Moultrie GA

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

Ameris Bank
(229) 985-2222
225 S Main St
Moultrie, GA
Ameris Bank
(229) 985-1111
1707 1st Ave SE
Moultrie, GA
Ameris Bank
(229) 985-2222
225 S Main St
Moultrie, GA
Bank of America
(229) 985-4040
300 S Main St
Moultrie, GA
Home
(229) 890-8464
3025 Veterans Pkwy S
Moultrie, GA
Westfield Mortgage & Financial Services
(229) 985-9778
719 1st St SE
Moultrie, GA
Continental Mortgage
(229) 985-4373
19 1st St SW
Moultrie, GA
Embassy Mortgage
(229) 217-0027
605B S Main St
Moultrie, GA
Agsouth Farm Credit
(770) 228-8958
1298 Enterprise Way
Griffin, GA
Countrywide Full Spectrum Lending
(770) 476-6100
3175 Satellite Blvd
Duluth, GA

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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