Home Equity Loan or HELOC A home equity loan provides a lump sum, while a HELOC offers a revolving credit line. Use these for home improvements like kitchen renovations to boost value. Cash-Out Refinance Replace your mortgage with a larger one, pocketing the difference to fund projects or investments. Ensure ROI justifies the higher loan balance. Debt Consolidation Consolidate high-interest debts (e.g., credit cards at 15-20%) into a lower-rate loan to save on interest and im