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3 ways to access your home equity

personal finance :: 1day ago :: source - yahoo finance

By Allison Martin

Your home is one of your biggest assets, and leveraging the equity you’ve built up doesn’t have to be difficult. You can convert the funds into the cash needed to achieve a major life goal or cover a large expense. Home equity loans, home equity lines of credit (HELOCs), and cash-out refinances are the most common ways to tap into your home equity. But before applying, it’s worth understanding how home equity works so you know which of these three is the best fit.

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