One thought on “What is the difference between a home equity loan and a home equity line of credit?

  1. Arti says:

    If you don’t remember much about the process from buying your first home, feel free to check out our article called What to Expect When Buying Your First Home. Your lender will want documents from you which include proof of employment, as well as records of your debts and assets. Qualifying for a home equity loan is a similar process to qualifying for your first mortgage. Home equity loans and home equity lines of credit are often confused. They are similar solutions in that they both let you borrow against the value of your home, but they are in fact very alternative from each other.

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