You can turn your home equity into cash. A Home Equity Loan Plan allows you use your home as security to borrow up to 80% of its current value minus what you owe.
This is a great option to consider if for larger purchasing or renovation needs for a vacation home. Or as part of a refinance, where you are also consolidating debt, you can take extra equity out of your home for a renovation project, or other needs such as a child’s wedding.
Please contact me if you would like more details.