Needing extra money? Sometimes using your current Existing Equity is the answer.
Refinance Your Mortgage
A mortgage does not have to be “forever”. Whether you are interested in taking out equity, getting access to a lower rate or consoldidating debt…accessing your equity maybe the way to go. As of July 2012 you can access up to 80% of your home value through a refinance.
There are somethings that you need to keep in mind with a refinance, and that is your overall cost – and is it worth it for you. Keeping in mind that due to title changes etc a solicitor is more than likely going to have to be involved, appraisal costs, current lender penalties. If these things make a refinance seem up attainable but you still have equity in your home, depending on the amount maybe a HELOC (Home Equity Line of Credit0 is the option for you.
Either way I can help you figure out your best solution.