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Using Home Equity

Having a home to call your own comes with many perks. It can also be a source of funds when the value of your home increases and exceeds the outstanding mortgage. Using the equity in your home can often be a money saving option compared with higher-rate loans or credit cards. This module can help you make an informed choice. It covers:

  • What is home equity?
  • Second mortgages
  • Refinancing
  • Reverse mortgages
  • Factors to consider

Begin the Course

Tap into the money you’ve already invested in your home to cover life’s expenses.

  • Related Resources

    See More Resources

  • Refinancing Checklist

    Here’s a list of information you may be asked to provide when you submit your refinance application.
  • Should I refinance?

    When you refinance at a lower interest rate, you usually pay refinancing costs including points, fees, and closing costs. This calculator will tell you if the amount you save in interest will exceed these refinancing costs.