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    HELOC vs. Cash-Out Refinance: Do You Know the Difference?

    HELOC vs. Cash-Out Refinance: Do You Know the Difference?

    We can help you make the choice between a HELOC vs. cash-out refinance.

    If you’re like most Americans, there’s no bigger purchase you’ll make in your lifetime than buying a home. A home is an investment, and there’s a return on that investment in the form of equity. Yet many homeowners won’t be able to access that equity unless and until they sell their home. So what if you don’t want to sell your home? That’s your equity-shouldn’t you be able to use it?

    Since selling your house isn’t a viable solution for everyone, lenders have come up with ways to help homeowners access their home equity so that they can pay for all kinds of things: home renovations, investing in real estate, vacations, car and student loans, and even credit card debt. Your home equity is a precious resource. It’s a wonderful thing to have, and when you find a mortgage lender that can help you tap into it and use at your discretion, it can open up a world of possibilities that has been stored up for the years you’ve been owning your home.

    But you know what they say: with great power comes great responsibility. And home equity is not only a precious resource, it’s a powerful resource.

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