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  2. Fact vs. fiction: Top 8 common home equity myths — debunked

    www.aol.com/finance/home-equity-myths-debunked...

    Myth #8: Reverse mortgages are a scam. Also called a Home Equity Conversion Mortgage (HECM), the reverse mortgage is designed to allow homeowners ages 62 or older to supplement their retirement ...

  3. Home equity loan vs. HELOC: Which is best for borrowing ...

    www.aol.com/finance/home-equity-loan-vs-heloc...

    A home equity line of credit — more commonly called a HELOC — is a revolving line of credit that’s similar to a credit card. ... You’ll pocket the difference between the two loans as cash ...

  4. Home equity loan or HELOC vs. reverse mortgage: Which is ...

    www.aol.com/finance/home-equity-loan-heloc-vs...

    Home equity loan cons. Risk of losing your home if you default. Imposes strict lending criteria. Has closing costs and fees. May take a while to obtain, similar to a mortgage. HELOC (home equity ...

  5. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

    www.aol.com/finance/home-equity-loan-heloc-vs...

    The most popular fall into two categories: home-secured loans, including a lump-sum home equity loan or a home equity line of credit (HELOC), and a type of mortgage called a cash-out refinance.

  6. Can I Use a HELOC to Pay off a Mortgage Faster ... - AOL

    www.aol.com/heloc-pay-off-mortgage-faster...

    If your mortgage balance is $340,000 and you want to borrow $20,000 using a new HELOC, then your LTV (including the new HELOC) would be $360,000 divided by $400,000, or 90%.

  7. Reverse Mortgage vs. HELOC vs. Home Equity Loan: Which Is ...

    www.aol.com/finance/cost-less-reverse-mortgage...

    Continue reading → The post Reverse Mortgage vs. HELOC vs. Home Equity Loan appeared first on SmartAsset Blog. In basic terms, home equity is the percentage of your home's overall value that you ...

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  9. What are the pros and cons of home equity loans? A ... - AOL

    www.aol.com/finance/pros-cons-home-equity-loans...

    A home equity loan comes with a fixed interest rate and gets repaid just like a mortgage: monthly payments over a set period, usually 30 years. This loan can be used for any purpose, such as ...

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