Comment on Home Equity Loan Versus Line of Credit: Pros and Cons

Home Equity Loan Versus Line of Credit: Pros and Cons

Selling your home for a profit can mean a substantial windfall. But in the meantime, while living there, that gain is locked up, out of reach — unless you access the equity with a loan or line of credit. A home equity loan, or a line of credit, is drawn on the value of your home above and beyond what you owe on your primary mortgage.

 

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