Unleash the equity from your home to payoff other debts, invest in retirement or just have fun!
If you have built up enough equity in your property it may make sense for you to refinance in order that you can access the equity for any number of reasons such as investing, renovations, and paying off other higher interest rate debts. If you refinance your property for the purpose of investing, the interest you pay may be eligible for write off against investment income. It is best to talk to your tax advisor for more information on this topic.