Using Your Home Equity for Other Goals Saint Charles MO

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

First American Lending
314-692-0444
2388 Schuetz Rd
St Louis, MO
Midwest Mortgage Capital
314-787-2900
1227 Fern Ridge Pkwy Ste 200
St. Louis, MO
The Traci Kane Team - USA Mortgage
314-393-3607
210 Triad West
OFallon, MO
The Traci Kane Team - USA Mortgage
314-393-3607
210 Triad West
OFallon, MO
Joyce Hunter, Mortgage Consultant
314-450-4016
8125 Delmar Blvd.
St. Louis, MO
Mid-West Mobile Notary, LLC
314-680-4895
191 Green Acres Dr
Old Monroe, MO
American Home Loans
314-835-0301
10777 Sunset Office Dr
St. Louis, MO
Paragon Mortgage Company
(636) 939-3131
3906 S Old Highway 94
Saint Charles, MO
Mortgage Services
(636) 442-5608
Saint Charles, MO
Williams Financial
(636) 928-7200
2536 S Old Highway 94 Ste 120
Saint Charles, MO

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 American Lending

WWW.STLMORTGAGEINFO.COM

314-692-0444
2388 Schuetz Rd
St Louis, MO
www.stlmortgageinfo.com

WWW.STLMORTGAGEINFO.COM


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