Hey, everybody! Welcome to today’s Monday Mailbag!
Today’s question is “Can I take money out of my house to renovate my basement?”
That’s a great question – and absolutely yes! At Mission35 Mortgages, we are able to access the equity you may have built up in your home. The equity is the difference between what the value has gone up to and what your mortgage balance is. You can use that money for any type of renovation or paying off some high-interest credit cards.