Home Improvement Projects
Homeowners can use the funds for projects around the house to increase property value.
Investment Purposes
You can access capital to build your retirement savings or purchase an investment property with cash-out financing.
Debt Consolidation
The proceeds from this process allow you to pay back the loan with one lower-cost monthly payment.
Child’s College Education
Tapping into home equity to pay for college makes sense if you have a rate lower than the student loan.