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Home Loans Advisor
Mortgage Refinancing: Home Equity Line of Credit You can also opt for what's called a home equity line of credit. This is a line of credit that uses the equity on your home as collateral. This can be useful if you don't need all of the money at once, or if you need clumps of money a little at a time. With a line of credit, you can take what you want and leave the rest. However, the rest is always available to you in case you do need it later for emergency purposes or not. |
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