Using Your Home Equity for Other Goals Pocatello ID

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

Intermountain Home Loans
(208) 234-1551
1023 Yellowstone Ave Ste B
Pocatello, ID
Ireland Bank Real Estate Department
(208) 233-1816
2715 Pole Line Rd
Pocatello, ID
Mortgage Specialists the
(208) 233-7678
770 E Chubbuck Rd
Pocatello, ID
Ace Mortgage
(208) 232-1850
Pocatello, ID
1st Columbia Mortgage
(208) 478-5235
Pocatello, ID
D L Evans Bank-Mortgage Lending Services
(208) 234-0993
333 Yellowstone Ave
Pocatello, ID
Wells Fargo Home Mortgage
(208) 235-3313
333 S Main St
Pocatello, ID
1st Columbia Mortgage
(208) 239-0665
Pocatello, ID
First Horizon Home Loans
(208) 237-0030
420 S 4th Ave
Pocatello, ID
Patriot Lending Group
(208) 233-4084
146 E Chubbuck Rd
Pocatello, ID

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

Bell Financial Group

208-932-4559
1833 E 17th Street
Idaho Falls, ID


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