Using Your Home Equity for Other Goals Pottsville 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

Beneficial Consumer Discount Company
(570) 385-4590
1544 Route 61 Hwy S
Pottsville, PA
First Choice Equity Group Inc
(570) 622-7273
Pottsville, PA
Citifinancial
(570) 628-5852
107 W Market St
Pottsville, PA
F Hi Finance
(570) 628-9552
Glenworth Rd
Pottsville, PA
Liberty Savings Bank F S B
(570) 622-2691
21 S Centre St
Pottsville, PA
Wells Fargo Financial
(570) 429-2520
7144 Fairlane Village Mal
Pottsville, PA
Liberty Savings Bank F S B
(570) 622-2691
Pottsville, PA
Northwest Savings Bank
(570) 621-2850
104 N Centre St
Pottsville, PA
Pottsville Financial Services
(570) 622-3799
500 N Centre St
Pottsville, PA
Allsource Mortgage
(724) 282-0007
101 Oak Ridge Dr
Butler, 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

First Commonwealth Federal Credit Union - Kutztown

(610) 262-9377
15093 Kutztown Road
Kutztown, PA


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History