The equity you have in your home can act like a savings account that you could access through a home equity loan or a cash-out refinance.
1
Why get cash from your home?
This is usually done when you want to finance an important home improvement, pay for college or pay off high-interest credit card debt. Whatever your reason, this may be the right option for you.
2
Write off your mortgage interest.
This is great so to allow you to be able to write off interest from your mortgage rather than paying non-tax deductible interest on your credit cards or other bills.
