Home Equity Loan, Line Of Credit, Or Refinancing? Choosing The Right Loan

Whether your goal is to remodel or renovate your home, or simply to pay off bills, tapping into your home’s equity can be a great choice. But of the various options available, the best choice often depends on your personal situation. Read on to learn the pros and cons of the different ways to use your home’s equity. Home Equity Loan A home equity loan, or HEL, is a one-time loan which pays a lump sum based on your current home’s equity.…