As top Texas mortgage lenders, we know that if you’re considering a mortgage refinance, you’ll hear plenty about equity throughout the refinance process. The amount of equity you have in your home can affect your options when refinancing your home loans.
- Maybe you want to tap into your home’s equity to cover a loss of income.
- Perhaps using your home’s equity can help you fund a renovation project or finance another expense.
- As you begin the refinancing paperwork, you’ll need to understand how much equity you currently have in your home.