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Home equity loan vs. HELOC: Which is better when interest rates fall?

Por: CBS News Business January 24, 2024

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Homeowners borrowing cash from their home should first determine if a loan or HELOC is better when rates drop. Andrey Popov/Getty Images and can help you borrow cash for virtually any legal purpose. And since these loans are secured by your home, they generally come with lower interest rates than other credit and loan options.But unfortunately, inflation and high interest rates have made home equity loans and HELOCs less attractive to would-be... + full article



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