Using Your Home Equity for Other Goals Norwalk CT

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

SETTLERS MORTGAGE COMPANY LLC
(203) 227-2422
Evergreen Parkway
Westport, CT
North Atlantic Mortgage Corp.
877-794-5363
1011 High Ridge Road
Stamford, CT
Realty Seven Inc.
(203) 762-5548
250 Danbury Road
Wilton, CT
A STRAIGHT TO THE POINT FINANCING
(203) 576-6877
242 GODDARD AVENUE
BRIDGEPORT, CT
Castle Oil Corp
(914) 381-6600
500 Mamaroneck Avenue
Harrison, NY
Accurate Capital Corp
800-747-4717
1174 St. Johnland Road
Kings Park, NY
Allied Financial Services
(203) 866-2500
83 East Ave Ste 206
Norwalk, CT
GMAC Mortgage
(203) 855-1662
164 East Ave
Norwalk, CT
American Home Mortgage
(203) 855-8100
535 Connecticut Ave Ste 103
Norwalk, CT
Mortgage Plus Llc
(203) 845-2800
95 Main St
Norwalk, CT

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

SETTLERS MORTGAGE COMPANY LLC

(203) 227-2422
Evergreen Parkway
Westport, CT

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