Lenders typically allow you to borrow up to , minus your current mortgage balance. This is known as your "usable equity".
: This replaces your current mortgage with a new, larger loan, and you receive the difference in cash. buying home with equity
: Flexible funding for ongoing expenses or multiple smaller property investments. Lenders typically allow you to borrow up to
: Homeowners who want to maintain a single monthly payment and potentially secure a lower interest rate on their entire debt. Calculating Your Buying Power similar to a credit card
: This is a "second mortgage" that provides a lump sum of cash at a fixed interest rate.
: A revolving credit line, similar to a credit card, where you can borrow and repay funds as needed.