Pros and Cons of HELOC vs. Refinance
Both a HELOC and a cash-out refinance help homeowners by converting equity into cash.
If you need funds for home improvements or repairs, to banish expensive credit cards, or for another worthwhile purpose and are wondering which one is better—a home equity line of credit or a cash-out refinance—you’ve come to the right place. Both financial moves let you tap into your home’s equity without putting it up for sale, which is why HELOC...
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