If you have a mortgage rate below 6% and you’re considering borrowing money, there are a few strategic options you might explore:

1. **Home Equity Line of Credit (HELOC):** This allows you to borrow against the equity you’ve built up in your home. HELOCs often have lower interest rates compared to personal loans or credit cards, especially if your mortgage rate is low. They work like a credit card, letting you borrow up to a certain limit and only pay interest on what you use.

2. **Home Equity Loan:** Similar to a HELOC, but instead of a revolving line of credit, you receive a lump sum with a fixed interest rate and repayment term. If your mortgage rate is low, you might find the rates on home equity loans quite competitive.

3. **Cash-Out Refinance:** This involves refinancing your existing mortgage for more than you owe and taking the difference in cash. If current mortgage rates are still below 6% and you can secure a rate lower than your existing rate, this can be a way to access cash while potentially lowering your monthly mortgage payment.

4. **Personal Loan:** Depending on your credit score and financial situation, a personal loan might be a good option. Rates can be higher than a HELOC or home equity loan, but if you have a strong credit profile, you might still find a competitive rate.

5. **Borrowing from Retirement Accounts:** Some retirement accounts, like a 401(k), allow you to take out a loan against your balance. This can be a lower-cost way to borrow money, though it’s important to consider the impact on your retirement savings.

6. **Peer-to-Peer Lending:** Online platforms connect borrowers with investors willing to fund loans. These platforms often offer competitive rates and can be a good option if you have a strong credit profile.

Before borrowing, it’s crucial to carefully consider the terms, fees, and impact on your overall financial situation. Consulting with a financial advisor might help you weigh the options and make the best decision based on your specific circumstances.