HELOC Vs Home Equity Loan: How Do They Work?
Savings Corner
APRIL 4, 2024
Compared to earlier years, HELOC originations are actually on par with pre-pandemic norms, while home equity originations are actually above the figures recorded between 2008 and 2021. Loan specifications Home equity loans generally come with long repayment terms, sometimes up to 30 years. But this slowdown is deceiving.
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