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What are the advantages of a home equity loan or line of credit?

April 26, 2017advantages home equity line of credit loan

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What are the advantages of a home equity loan or line of credit?

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Home equity loans and lines of credit can help you cover a wide range of expenses. A common misconception is that a home equity loan must be used to make improvements on your house, but that is not the case. You can use your loan for virtually any expense including debt consolidation, college tuition and more.