If you consider Refinancing your Mortgage, you have the chance to unlock your equity. Some of the benefits of refinancing your mortgage would be:
Debt Consolidation: Through Debt Consolidation you can use your home to consolidate outstanding debt which may be beneficial for you in the long run. First, second and even third mortgages can be utilized to facilitate a consolidation.
Home Renovations: Improving or renovating your home has many benefits including increasing the overall value and appeal. You can use your hard-earned equity as an excellent way to assist bringing your vision to life.
Access your Equity: The equity that you build up in your home can sit dormant until you sell, or it can be used to make a difference in your life.