Utilizing Your Home Equity: The HELOC versus a Standard LoanBy Kelly Richardson
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The home equity that you build up over time is your most valuable financial asset. There are several ways that you can utilize this money. Two of those are a HELOC loan and a standard equity loan. But which one is right for your situation? Heres a rundown of both types of home equity loans and what they mean in the long run.
Home Equity Line of Credit
Home Equity Loan
The Federal Reserve Board
About the Author
Kelly Richardson covers the real estate scene in major cities across the country. His articles appear in educational journals, periodicals, and e-zines.
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