Maybe you're looking to do some renovations or maybe your children are heading to college so you need some money for their education. Whatever the reason for you needing extra funds, accessing the equity in your home may be the solution.
If you own a home and...
a) Your property value has gone up, and/or
b) You have paid down your mortgage to a sufficient balance, and
c) You have more than 20% equity in your home
...You may be able to take out equity in your home to use as needed.
First-Time Home Buyers' Guide
Buying a Home - in 7 Easy Steps
Your Down Payment
Mortgage Default Insurance
Free Annual Mortgage Review
Using your Equity
What is Home Equity?
Equity Lending (Private Financing)