HELOC Vs Home Equity Loan: How Do They Work?
Savings Corner
APRIL 4, 2024
Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Of course, all this home equity borrowing is made possible by the record-setting rise in home prices since the start of the pandemic, which has increased the value of homeowners’ equity stakes.
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