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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Loans often don’t charge origination fees , which’ll save you money at closing. The RIIR (the rise in interest rates) throughout 2022 and 2023 — particularly mortgage rates, which have doubled since their mid-pandemic lows — have decimated the appeal of cash-out refinancing, once the go-to way to tap a homeownership stake.

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