Using Your Home Equity for Other Goals Springfield 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

Empire Bank
(417) 866-6678
2501 N Kansas Expy
Springfield, MO
Springfield Home Mortgages
(417) 862-5533
1441 E Kearney St
Springfield, MO
Neustar Financial
(417) 889-5363
3816 S Greystone Ct
Springfield, MO
St Charles Mortgage Company
(417) 882-7376
Springfield, MO
Life Mortgage
(417) 864-3610
1331 N Stewart Ave
Springfield, MO
Empire Bank
(417) 881-5100
3333 S National Ave
Springfield, MO
First Premier Mortgage
(417) 877-1717
1835 E Republic Rd
Springfield, MO
Licata Michael
(417) 875-6015
2929 N Eastgate Ave
Springfield, MO
Mid-Land Mortgage
(417) 520-1070
1520 E Primrose St
Springfield, MO
Choice Mortgage
(417) 889-5363
3816 S Greystone Ct
Springfield, 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

Gateway Mortgage Group

866-901-6184
100 S Main Suite A
Clinton, MO
www.gatewayloan.us


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