Equity Take Out

Brochure

Working from home meant we could vary snack and coffee breaks.

Equity Take Out

An equity take-out mortgage is a loan that allows you to “extract” equity from your property for various purposes. This can include funding repairs or renovations, making a down payment on a vacation home, investing in other areas, or many other uses. Since it is based on the equity of your property, the homeowner must have sufficient equity after accounting for the property’s fair market value and any existing mortgages.

An equity take-out mortgage can have either a fixed interest rate and a set amount borrowed, or it may feature a variable rate and be structured as a line of credit, allowing the borrower to withdraw funds as needed. As a secured loan, it offers the advantage of competitive interest rates.

Play Video

Frequently Asked Questions

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.