Home equity loans, home equity lines of credit (HELOCs), and cash-out refinances are all great options, but which is right for you? Before you make your decision it’s important to fully understand the pros and cons of each.

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Home equity loans are a great way to gain some extra cash for home improvements, debt consolidation, or other big purchases you’re looking to make. Like any loan, it’s important to understand how a home equity loan works before taking one out.

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