Once you’ve been in your home for a while, in most cases, your home will be worth more than what you owe on your mortgage. That’s called equity. A refi can allow you to tap into that money and use it however you like.
Once you’ve been in your home for a while, in most cases, your home will be worth more than what you owe on your mortgage. That’s called equity. A refi can allow you to tap into that money and use it however you like.