HELOC Vs Home Equity Loan: How Do They Work?
Savings Corner
APRIL 4, 2024
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. Hence, the interest in home equity loans and HELOCs. Are you a set-it-and-forget-it type?
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