Using home equity to your advantage

Many Islanders have made the decision to purchase their first home during these times of lower interest rates.  We’re also in a period where clients more frequently refinance using the equity in their homes to complete renos, invest in an RRSP or TFSA, tuition expenses & consolidation of high interest debt.  Removing equity from your home can be a good idea, but you should do so with caution & fully understand the benefits & potential risks.  Chat today with Richard MacFarlane at RAM Mortgages PEI about the viability of utilizing the equity in your home.