If you’re looking to access your home equity, you might be wondering: Should I refinance or take a home equity loan?

🔍 Here’s a quick breakdown:

• Refinance: Replaces your current mortgage with a new one — often at a better rate, with the option to cash out equity.
• Home Equity Loan/HELOC: Adds a second loan on top of your current mortgage — great for short-term borrowing or flexible access to funds.

💡 Which is better?

• Choose a refinance if you want to lower your rate or consolidate debt.
• Choose a HELOC if you just need occasional access to extra funds.

Not sure which fits your needs? The experts at Bluegrey Mortgage can run both options side by side so you can make the most informed decision.

Your equity is working for you — let’s make sure it’s working smart.

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