Home Equity
What your equity can do for you.
Home equity is the difference between what your home is worth and what you still owe on it. There are several ways homeowners can put that equity to work, depending on their goals.
Common paths
- A cash-out refinance, replacing your current loan with a larger one
- A home equity loan, a separate loan against your equity
- A home equity line of credit (HELOC), a flexible line you draw from as needed
- For homeowners 62+, a reverse mortgage
What fits depends on you
Each option has different costs, structures, and implications. The right one depends on your goals, your current loan, and your timeline — this is worth a real conversation with Dawn.
Have questions about your specific situation?
This page is general education. Dawn can talk through your specific numbers and goals directly.