Bad credit happens to everyone And when it does, sometimes you might be tempted to refinance the mortgage to try and cash in on your home equity value. But that might not be the best idea. Refinancing involves a lengthy appraisal process for your home and even then you’re not guaranteed to show any profit from it. Though if you do, you should be warned that it’s only a temporary profit that has to be paid back plus interest. The new home loan placed against your property then shows up on your credit report and depending on what all is on there may do more harm than good. RDS Real Estate understands the pressures involved in making these hard decisions which is why we strive to make renting as simple as possible. Contact us to find out what your options are beyond refinancing.