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HELOC vs Fixed Equity
HELOC vs Fixed Equity Hi All, I am trying to determine the best way to borrow money for finishing my basement. I am debating a HELOC at 7% vs a Fixed Home Equity loan at 6%. I intend to borrow around $40,000. I understand with a Fixed Home Equity loan you get all the money upfront and have a fixed payment based on the term of the loan, and that a HELOC your payment v...
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