Using Your Home Equity for Other Goals Thomaston GA

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

Agsouth
(706) 647-8991
620 N Church St
Thomaston, GA
United Bank
(706) 646-7211
215 N Center St
Thomaston, GA
Bank of Upson
(706) 647-5426
Thomaston, GA
United Bank
(706) 646-7211
Thomaston, GA
West Central Georgia Bank
(706) 647-8951
617 N Church St
Thomaston, GA
Bank of Upson
(706) 646-1400
943 N Church St
Thomaston, GA
Citifinancial
(706) 648-1969
1315 Highway 19 N
Thomaston, GA
Ashford Mortgage
(770) 242-6639
4046 Wetherburn Way
Norcross, GA
Lyon Financial Group Inc
(770) 552-8335
105 Houze Way
Roswell, GA
First Federal Savings & Loan Association
(229) 244-0164
411 N Patterson St
Valdosta, GA

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

Impact Mortgage

404-732-459
125 Jefferson Street
Newnan, GA
www.jamesrichardsmortgageloans.com

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