Most People Have Their Networth Tied to Their Home
Most people that I know have majority of their net worth tied to their home. However they are unaware of the tools that they could potentially be using to pull their net worth out with. Each circumstance is completely unique, so remember to consult a financial advisor before making large financial moves.
HELOC
A HELOC allows you to keep your current mortgage rate and only take out a loan against the equity value of the home. Could be a great option to pull money out and keep a low interest rate.
Cash Out Refinance
Cash out refinance could be a fantastic tool if utilized correctly. Most investors look at a home as a liability, but with a cash out refinance, you just added cash funds to your pocket. With this though, you should pay attention to your current interest rate and the market interest rate.
Depreciation
Depreciation can be a powerful tax tool. Usually depreciation is attributed to rental properties.