Should you get a HELOC? Here are the pros, cons, and alternatives

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Here are a few possibilities to consider. Home equity loan. A home equity loan is another way to borrow from your equity. With a home equity loan you get a lump sum instead of a line of credit. Even if you pay down your balance, you can’t borrow more without taking out a new loan. Personal loan. A personal loan is money you borrow for ...


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