Equity

3 Replies

Yes. If the home is paid off, you have 100% equity in your home. I would recommend researching "home equity loans" and "home equity lines of credit" and then reaching out to a bank to begin the process

Yes, assuming that you qualify for a Home Equity Loan or a Home Equity Line of Credit.

You can also SELL a portion of your equity. You would not have additional debt or interest payments. The investor would then own a portion of the equity in the home.