Frequently Asked Questions
Home Equity FAQ
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A home equity loan is a one-time lump sum being borrowed based on the equity of your home. A home equity line of credit, or HELOC, involves
a credit line with a limit that is based on your equity (which you can draw out of and pay into, such as with a credit card).
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See Also
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A home equity loan is a one-time lump sum being borrowed based on the equity of your home. A home equity line of credit, or HELOC, involves
a credit line with a limit that is based on your equity (which you can draw out of and pay into, such as with a credit card).