Homeowners can tap into their home's equity to eliminate high-interest debts and speed up their journey to being mortgage-free. They can also refinance to get better rates, terms, and potentially consolidate debt or adjust their amortization. By utilizing top Canadian lenders, tailored solutions and savings can be achieved, or homeowners can switch to a new lender for improved rates and potential savings. Home equity can be used for renovations, investments, or debt consolidation. Adjusting the amortization or rate can lead to better payment and prepayment options. Refinancing up to 80% of the home's value can help address credit card debt. It is also possible to adjust the mortgage as life changes to leverage equity or fund education. However, homeowners should be cautious of prepayment penalties when refinancing. In Canada, there are innovative tools available to streamline processes, increase efficiency, and provide money-saving opportunities and access to equity. Throughout the entire process, homeowners can rely on support to ensure a simple and well-informed experience.