You can gain access to equity (cash) in your home by refinancing.
You can access up to 80% of your home's value less any outstanding mortgages. That's extra money for investment opportunities, home renovations, or your children's education.
There are several ways to access this equity including breaking your mortgage, taking on a home equity line of credit or blending and extending your mortgage with your current lender.
Contact your mortgage broker to calculate the cost to refinance.
Original article: www.ratehub.ca