Mortgage Refinance: When you exchange the existing loan on your home for a loan of the same principal value, but with either a different interest rate, different term or duration of loan, or both to better suit your needs.

Refinance with Cash Out: When you exchange the existing loan on your home for a loan of larger value. The additional loan proceeds are given to you in cash, which you can spend as you wish. Cash Out Refinancings are generally designed for homeowners who would like to tap into home equity they have already accumulated.

Home Improvement: When you borrow money for improvements you would like to make on your home. Home improvement loans can either be secured against the equity in your home, or they can be unsecured.

Debt Consolidation: When you exchange the existing loan on your home for a loan of larger value. The additional loan proceeds are given to you in cash, which you can use to pay off debts with higher interest rates.

Home Equity: When you borrow against the equity you have already built up in your home. Home Equity Loans are typically new loans that are independent of the existing mortgage on your home. There are typically no restrictions on how you can utilize the proceeds from a Home Equity Loan.