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Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

In contrast, home equity loans and personal loans offer a lump sum that has to be repaid in full (also with interest), whether you use all of the money or not. Most home equity lenders also offer flexibility in terms of how you access your HELOC funds, such as debit cards, checks, ATMs and online transfer. Should you get a HELOC?

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