Reveal your home's true equity secrets now

Ways to Unlock Your Home's Equity

There are several options for accessing your home equity, each with its own benefits and considerations:

• Home Equity Loan: Often referred to as a second mortgage, this loan provides a lump sum of money at a fixed interest rate, ideal for large expenses like home improvements or debt consolidation.
• Home Equity Line of Credit (HELOC): Unlike a loan, a HELOC offers a revolving line of credit that you can draw from as needed, similar to a credit card. This option provides flexibility and typically comes with variable interest rates.
• Cash-Out Refinance: This involves refinancing your existing mortgage for more than you owe and taking the difference in cash. It's a popular choice when interest rates are low, allowing you to replace your current mortgage with a new one at a potentially better rate.