The best arrangement may be with your current lender, since some offer original mortgage customers the lowest rates and cut - rate closing costs. (truitycu.balancepro.org)
Another option, a home equity loan, leaves the homeowner's original mortgage intact, with the new loan existing alongside the original loan. (totalmortgage.com)
The average home equity loan is an open second or original mortgage taken out against property. (mortgagebrokerstore.com)