You can get a line of credit equal to your home’s equity that works like your checking account or credit card. Equity is the difference between the value of your home and the amount you owe on your mortgage.
It’s flexible, so, if your home equity is $20,000, you can withdraw at will up to this amount simply by writing a check.
The added bonus is that the interest you pay can be deducted from your taxes. But this isn’t free money, if you can’t repay the credit line you could risk losing your home.