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Posted: Wed 21:01, 30 Oct 2013
Post subject: hollister outlet Home Equity Loan Vs Home Equity L
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Home equity loans are not to be confused with home equity lines of credit (HELOC). Essentially, both types of loans are similar with the home being put up as collateral. However, with HELOC you will not be getting the money in one lump sum. Instead, you will be provided with something similar to a credit card or a checkbook that you may use as and when you need the funds. Some HELOC program specify a [url=http://www.agentparadise.com]woolrich sito ufficiale[/url] minimum amount of money you can withdraw every time while some may require you to take an initial advance once the loan has been approved. HELOC can also be taken up to obtain funds for home remodeling, major purchases or college education. Similar to home equity loans, HELOC may not necessarily be the best solution for everyone. Serious considerations must be taken when deciding whether to take up home equity loans or HELOC.
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