Forty-one percent of respondents strongly agreed with it. There are many viable options for tapping into a home?s equity, including 2nd mortgages and refinancing. Both provide a way to help manage existing debt or get a low-cost loan for other expenses. This statement was included in a 2007 consumer survey by the Canadian Mortgage and Housing Corporation (CMHC). ?I will likely use my home equity to help finance other investments?. The response to this survey question shows that Canadians are b While shopping around for a lender, ask each for a list of charges and costs you must pay at closing.
