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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Let’s look more closely at how HELOCs and home equity loans work, and how to determine which would work best for you. If property values decline abruptly or a recession occurs , the lender could reduce your credit line, freeze it or even demand immediate repayment in full. Home equity loan: What is it? What’s the appeal?

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