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2. 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.

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 line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage).

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. 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 ...