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Using Your Home Equity for Other Goals Philadelphia PA

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

Aca Mortgage
(610) 444-1877
224 E Street Rd
Philadelphia, PA
Fred Glick
877-562-5123
22 N 3rd Street
Philadelphia, PA
Ace Mortgage Funding Inc.
(513) 552-7070
7820 Innovation Boulevard
Philadelphia, PA
US Loans Mortgage
267.514.4630
222 W. Rittenhouse
Philadelphia, PA
Academy Mortgage Llc
(267) 207-2838
1650 Market St
Philadelphia, PA
A PC Incorporated
(215) 549-3146
1700 Widener Pl
Philadelphia, PA
Rehab Listings Network
(610) 643-4399
700 s 8th st
philadelphia, PA
Precision Funding Group Llc
(215) 483-4400
4400 Main St
Philadelphia, PA
A Great Mortgage Co Inc
(215) 462-5161
2249 S 21st St
Philadelphia, PA
A N M Funding LLC
(215) 334-0788
2514 S Broad St
Philadelphia, PA

 

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

Aca Mortgage

(610) 444-1877
224 E Street Rd
Philadelphia, PA
Read more about Using Your Home Equity for Other Goals

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