Using Your Home Equity for Other Goals New Bedford MA

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

First Citizens' Federal Credit Union
(508) 997-6267
1331 Cove Rd
New Bedford, MA
Hometown Mortgage Inc
(508) 996-3025
470 Orchard St
New Bedford, MA
First Citizens' Federal Credit Union
(508) 990-8397
570 N Front St
New Bedford, MA
Coastline Mortgage Company Inc
(508) 993-3377
286 Union St
New Bedford, MA
Luzo Community Bank
(508) 999-9980
1724 Acushnet Ave
New Bedford, MA
Bma Mortgage
(508) 995-4176
34 Welby Rd
New Bedford, MA
Wells Fargo Home Mortgage
(508) 999-6632
143 Union St
New Bedford, MA
Jj Best
(508) 945-6000
85 Coggeshall St
New Bedford, MA
Mortgage Results
(508) 985-1994
12 Welby Rd
New Bedford, MA
First Citizens' Federal Credit Union
(508) 990-8397
570 N Front St
New Bedford, MA

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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Star Mortgage

800-941-5616
340 Manley Street
West Bridgewater, MA

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