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What are some of the ways that I can use my home equity loan or line of credit?

April 26, 2017home equity line of credit loan

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What are some of the ways that I can use my home equity loan or line of credit?

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Your home equity loan or line of credit can be used for any purpose. Most often homeowners use their credit for large purchases, home improvement, education expenses, new automobiles, or a second home. You can even use your loan or line to consolidate other high interest-rate debt, possibly lowering your overall monthly payments.