Using Your Home Equity for Other Goals Williamsport 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

Northwest Savings Bank
(570) 321-1620
815 Westminster Dr
Williamsport, PA
A Family Mortgage Co Inc
(570) 322-4461
711 Washington Blvd
Williamsport, PA
GMAC Mortgage Corporation
(570) 322-2720
1016 Washington Blvd
Williamsport, PA
Jersey Shore State Bank
(570) 368-1200
820 Broad St
Williamsport, PA
Williamsport Financial Services
(570) 329-3005
440 River Ave
Williamsport, PA
Wells Fargo Financial
(570) 321-8049
1770 E 3rd St
Williamsport, PA
Countrywide Home Loans
(570) 326-3437
1750 E 3rd St
Williamsport, PA
Jersey Shore State Bank
(570) 320-2015
300 Market St
Williamsport, PA
Excel Home Mortgage
(570) 323-9101
1003 E 3rd St
Williamsport, PA
Priority Mortgage Group the
(570) 321-9755
Williamsport, 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

Pennsylvania State Employees Credit Union

(610) 865-2400
1 Credit Union Place
Harrisburg, PA


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