Using Your Home Equity for Other Goals Mount Pleasant MI

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

Top Flite Financial
(989) 773-9999
113 W Broadway St
Mount Pleasant, MI
Fifth Third Bank
(989) 775-0413
1114 N Mission St
Mount Pleasant, MI
Federal Land Bank Association
(989) 773-5175
1075 N Mission St
Mount Pleasant, MI
Accept All Mortgage Services Llc
(989) 773-9999
113 W Broadway St
Mount Pleasant, MI
Halloween USA
(989) 775-9901
1717 S Mission St
Mount Pleasant, MI
Ctx Mortgage
(989) 773-9200
306 E Broadway St Ste 4
Mount Pleasant, MI
All-Pro Mortgage Inc
(989) 775-9901
1205 S Mission St
Mount Pleasant, MI
Primevest Financial Services Inc
(989) 772-9405
319 E Broadway St
Mount Pleasant, MI
American Home Mortgage
(989) 773-3313
1203 S Mission St Ste B
Mount Pleasant, MI
Bretlin Home Mortgage
(989) 953-5626
304 E Broadway St
Mount Pleasant, MI

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

Todd Strobel CMPS

616-464-4400
2828 Kraft Ave SE
Grand Rapids, MI
www.bestloan4me.com


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