: A revolving line of credit with variable interest rates. You only pay interest on what you draw, making it flexible for staggered costs like renovations on a new property.

: A second mortgage providing a lump sum at a fixed interest rate. It offers predictable monthly payments but requires immediate repayment of principal.

: Replaces your existing mortgage with a new, larger one. You receive the difference in cash, which is useful if your current mortgage rate is higher than current market rates. 2. Current Market Conditions (April 2026)

Homeowners typically access equity through three main vehicles: