The equity you have in your home can act like a savings account that you could access through a home equity loan or a cash-out refinance.
Why get cash from your home?
This is usually done when you want to finance an important home improvement, pay for college or pay off high-interest credit card debt. Whatever your reason, this may be the right option for you.
Write off your mortgage interest.
This is great so to allow you to be able to write off interest from your mortgage rather than paying non-tax deductible interest on your credit cards or other bills.