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Key Takeaways There’s no doubt that homeowners have built up considerable wealth, just over the past six years alone. U.S home prices are up almost 47% since the beginning of 2020. Over the same time, record low mortgage rates allowed homeowners to strategically refinance for even lower rates. Today, the typical homeowner has over $274,000 in home equity. This is an enviable…...

Key Takeaways: Millions of homeowners are sitting on large amounts of home equity but won’t refinance, because they don’t want to lose their existing mortgage rate. Fortunately, there are ways to tap home equity without refinancing. The solution that’s right for you depends on your current financial situation, and each option comes with different trade-offs.