Refinancing and Home Equity take-out

Mortgages generally qualify as good debt: they are usually available at the lowest possible rates, they represent a good investment in a (generally) appreciating asset, and they make home ownership possible.

Home equity loans and lines usually have much lower interest rates than other types of financing, such as credit cards and personal loans.
Tax benefits: Like your first mortgage, the interest you pay on a home equity loan or line is usually tax-deductible.

Your home equity can be a useful financial resource, enabling you to access financing at rates that are generally lower than other forms of borrowing. Some common reasons to refinance include:

  • >> Home Renovations
  • >> Debt Consolidation
  • >> Investments
  • >> Second properties (Rental Properties)
  • >> Education
  • >> Retirement Planning

If you are interested in assessing your options, contact us to find out how much equity you can leverage, and what your monthly payments would be.