You own rather than rent for a reason, and that value you're building in your home is there for you when you need it. There are a couple ways to use the equity you've built in your home to get cash quickly—a cash-out refinance and a home equity loan. With Discover Home Equity Loans, you can do either. Learn about both below.
Another option for accessing cash from your home is through a home equity loan. While a cash-out refinance replaces your current mortgage with new terms, a home equity loan can either refinance your current mortgage with new terms, or be an additional fixed rate loan. With a Discover Home Equity Loan, there are no origination fees, and there is no cash required at closing.