Using Your Home Equity for Other Goals Rogers AR

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

Source Financial
(479) 986-0835
321 W Poplar St
Rogers, AR
Cornerstone Mortgage Group
(479) 631-1155
2882 W Walnut St Ste 12
Rogers, AR
Arvest
(479) 636-1975
701 W New Hope Rd
Rogers, AR
Bank of Rogers
(479) 464-9060
3706 Pinnacle Hills Pkwy
Rogers, AR
Simmons First Mortgage Co
(479) 621-0900
111 N 8th St
Rogers, AR
Arvest
(479) 636-1975
New Hope
Rogers, AR
A-1 Mortgage Co
(479) 636-1886
321 W Poplar St
Rogers, AR
American Home Mortgage
(479) 254-8895
1400 SE Southeast Walton Blv
Rogers, AR
Southern Mortgage Company of Rogers
(479) 636-1800
Rogers, AR
Arvest
(479) 636-1975
1801 W Walnut St
Rogers, AR

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

KB Group, LLC

918-951-7560
P.O. Box 134
Broken Arrow, OK


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