To get a HELOC, you must meet equity, credit score, and DTI ratio requirements and then go through the application process.

The break-even point of a mortgage refinance is when the money you save is equal to what you paid in upfront closing costs.

Alternatively, you may make use of your emergency funds to strengthen your loan application. Do not just settle down at the first loan offer. Look around and apply to various banks, mortgage ...

Shopping at different banks and mortgage brokers won't yield much difference in rates. So Michael tried another method.