Do you know you can get cash out of your property without selling it? If you own a private property, or an executive condo past its Minimum Occupation Period, you can do this thing called “cash out refinancing”! It is also known by many other names like home equity loan, mortgage withdrawal loan etc, but they basically mean refinancing your property to borrow more money on top of what you owe on your mortgage. There are a few compelling reasons why one should do this: Get a sizeable amount of money at low interest rate Most would be familiar with the rather pesky telemarketing calls from banks promoting things like balance transfers. I actually entertain such calls and ask them what their best effective interest rate is. From time to time, there are good promotional rates and I would readily borrow because it’s easy to generate some returns from it. Cash grows cash....