Tap into your home equity
Putting off that renovation, vacation, or a college tuition? Put your home equity to work. Find out about home equity, the approval process, and common pitfalls. Let Fidelity Mortgage show you how to tap into your home equity.

How much home equity do you have?
You've built up equity in your home, but how much? And how much can you borrow against it? Fidelity Mortgage will help you explore different options and compare terms, rates and fees from different lenders.

The right home equity product for you
Home equity loans and lines of credit, otherwise known as HELOCs, can help you turn your home's value into needed cash. Explore the different kinds of home equity mortgage products and how they can help you reach your financial goals and dreams.

For many people, their home is their biggest investment and source of savings. When they need to borrow money for home improvements, major expenses, or to pay off accumulated debts, they use the equity in their home to borrow money.Make Home Improvements.

If you are looking to make improvements to your house such as building an addition or putting in a pool, you may want to consider borrowing against the value of your home. The improvement you make in your home could increase the enjoyment of your home, as well as the property value.

Pay Off Your Credit Cards
If you have credit card or other consumer debt, it is often cheaper to consolidate these expenses with your mortgage. Credit card interest rates are usually much higher than mortgage interest rates. And, the interest on your mortgage is usually tax deductible (check with your tax adviser), while the interest on your credit card is not. If you have enough home equity, you may be able to pay off your pricey credit card debts and save money.

Home Equity Loan vs. Refinance
Generally, there are two ways to use your home equity to borrow money. You can either refinance with a new mortgage that is larger than your remaining balance (a cash-out refinance) or get a home equity loan.