Homeowners can use their home's equity to eliminate high-interest debt and speed up the process of becoming mortgage-free. One option is to refinance for better rates and terms, which could include consolidating debt or adjusting amortization. Canadian lenders offer tailored solutions for savings, while switching to a new lender could result in improved rates and further savings. Homeowners can access their equity for renovations, investments, or debt consolidation and adjust their amortization or rate for better payment and prepayment options. Up to 80% of the home value can be refinanced to address credit card debt and the mortgage can be adjusted as life changes occur, such as using equity to fund education. However, prepayment penalties should be watched for. Canadian tools streamline the refinancing process to ensure efficiency, money-saving opportunities, and simple steps with support along the way.