Improve your current loan by securing a lower interest rate, reducing your monthly payments, or shortening your loan term to pay it off faster and save on interest (Rate-and-Term).
Access the equity you've built in your home by taking out a new, larger loan and receiving the difference in cash for things like home improvements, debt consolidation, or education expenses (Cash-Out).
Potentially reduce your interest rate and monthly cost.
Shorten or lengthen your repayment period.
Convert home equity into cash (Cash-Out).
Use cash-out funds to pay off higher-interest debts.