Your home may be your castle, but it can also be a source of ready cash. If you have owned your place for a few years, done some improvements, or maybe just live in a high-demand area, you can have considerable equity. That equity can be converted into money through one of several different instruments. The chore is to find out which one is right for your situation.

Making the decision to pull some of the equity from your home is only one of the numerous choices you will face before you sign your name to paper.

Refinance - If your original mortgage rate is higher than today