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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Others use them to pay off high-interest credit card debt or other bills. $16 Hence, the interest in home equity loans and HELOCs. homeowners as of year-end 2023.

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