How much can I access?
Available equity = (home value × 80%) − current mortgage balance
Example: a home worth $900,000 × 80% = $720,000. With a $450,000 mortgage balance, you could access up to $270,000 (subject to qualifying).
Refinance, HELOC or blend-and-extend?
Refinancing before your term ends can trigger a prepayment penalty. We’ll compare a full refinance, a home equity line of credit (up to 65% LTV revolving), a second mortgage and a blend-and-increase with your current lender, then show you the true cost of each.