Home equity loan or HELOC vs. cash-out mortgage refinance

Home equity loans, HELOCs, and cash-out refinancing are popular ways to borrow using your home as collateral. The amount you can borrow depends on your home equity. Home equity loans and HELOCs are quicker, while cash-out refis offer lower interest rates. Calculate your equity to determine borrowing options. HELOCs offer flexibility, variable interest rates, and multiple withdrawals.

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