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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

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. Read the fine print on the site to confirm. Loan specifications Home equity loans generally come with long repayment terms, sometimes up to 30 years.

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