Equity Lines and Loans

When you need cash for remodeling, paying off credit card bills etc you may want to take out an equity line or equity loan on your home.

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Benefits:

Equity lines and equity loans have no closing fees

The interest you pay may be tax deductible

The interest rate is going to be lower than other credit sources

The process is fast and does not usually require an appraisal

Equity loans have fixed interest rates