HELOC Vs Home Equity Loan: How Do They Work?
Savings Corner
APRIL 4, 2024
Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. The average mortgage holder now has $299,000 in equity , up from $274,000 at the end of 2022, according to ICE Mortgage Technology, a real estate data analysis firm.
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