Equity Refinance

An equity refinance involves replacing your current mortgage with a new one that taps into the equity you've built in your home. Equity is the difference between your property's market value and the amount you owe on your mortgage. By refinancing, you can lower your interest rate, change loan terms, or borrow additional funds—using your home's equity as collateral. This can provide cash for renovations, debt consolidation, or other expenses. Essentially, you're restructuring your mortgage to better suit your financial needs while leveraging the value you've accumulated in your home.