What can you do with a nice chunk of money at an attractive rate? Build a backyard pool, finish off the basement or make other home improvements. Or go a completely different direction. Maybe take an exotic vacation, plan a memorable wedding or do something else really special for your family.
- Budget better with a fixed-rate loan that comes with consistent monthly payments.
- Borrow up to 80% of the equity in your home. (Your equity is the current market value minus your mortgage balance.)
- Benefit from potential tax deductions on interest charges. Consult your financial advisor for more information.
- Consolidate higher-interest debt into a lower interest loan.