Cash-out refi vs home equity line of credit. What’s the difference?

Whether you’re looking to remodel your home, consolidate your debt or pay an unforeseen expense — it’s only natural to consider tapping into your greatest source of wealth: The equity you’ve already invested in your home. For many, it’s a much safer option to get the cash you need than dipping into emergency savings.

There are several ways to access your home equity, but two of the most popular options are a home equity line of credit (aka HELOC) or a cash-out refinance.

Continue reading Cash-out refi vs home equity line of credit. What’s the difference? at Movement Mortgage Blog.

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via Naza Finance Blog