Using Your Home Equity for Other Goals Opelousas LA

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

Assurance Financial Group Llc
(337) 407-9412
2426 Jake Dr
Opelousas, LA
St Landry Parish Federal Credit Union
(337) 594-8457
705 Melancon St
Opelousas, LA
First South Farm Credit
(337) 948-3003
Opelousas, LA
Fidelity Lending Center
(504) 712-9855
Kenner, LA
Tower Loan
(318) 435-7303
6917 Prairie Rd
Winnsboro, LA
Central Progressive Bank
(985) 386-2265
200 W Hickory St
Ponchatoula, LA
Gulfco Finance Co
(318) 352-4107
220 Broadmoor Shopping C
Natchitoches, LA
Brookshires
(318) 343-8460
4070 Sterlington Rd
Monroe, LA
Real Net Financial
(985) 892-1322
19432 Highway 36
Covington, LA
Deichmann Mortgage
(504) 309-1034
671 Rosa Avest
Metairie, LA

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

1st Metropolitan Mortgage

225-923-3360
8312 Florida Blvd
Baton Rouge, LA


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