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Updated about 11 years ago, 10/13/2013
Home Equity Loan vs Home Equity Line of Credit
I want to get cash out for two small rentals for about 100K. One option is to get two home equity loan for $50K each and another option is to get one home equity line of credit for $100 K. Which one should I choose?
I read a lot but I know very little on the difference? I want to compare the Fee, rate and tax for the two options.
Thanks a lot.