Find out your hidden home equity treasure now

How to Access Your Home Equity

There are several ways to access your home equity, each with its own benefits and considerations. One popular method is a Home Equity Line of Credit (HELOC), which functions similarly to a credit card, allowing you to borrow against your equity as needed, up to a predetermined limit. This option offers flexibility, as you only pay interest on the amount you draw.

Another option is a home equity loan, which provides a lump sum payment that you repay with fixed monthly payments over a set term. This can be ideal for large expenses or investments, as it offers predictable payments and interest rates. Additionally, cash-out refinancing allows you to refinance your existing mortgage for more than you owe, taking the difference in cash. This can be a strategic move if you can secure a lower interest rate than your current mortgage.