09/21/2026
🏡 You’ve built equity in your home. But what’s the best way to ACCESS it?
Two options homeowners often consider are a Cash Out Refinance and a HELOC, but they work very differently.
💰 A HELOC allows you to borrow against your equity as you need it while leaving your existing mortgage in place. This can be helpful when expenses come in stages, like renovations or other ongoing costs.
🏠 A Cash Out Refinance replaces your current mortgage with a new, larger mortgage and gives you the difference in cash. This may make more sense when you need a larger lump sum at once.
So which one is better?
That depends on your current mortgage rate, how much equity you have, how much money you need, how you plan to use it and what you’re comfortable paying each month.
One of the biggest things to consider is whether it makes sense to replace your current mortgage at all, especially if you’re sitting on a great interest rate.
There isn’t a one size fits all answer.
If you’ve been wondering how much equity you have or what options may be available to you, send me a message. I’d be happy to run through the numbers with you. 🏡💰