In recent years, home equity loans have gone the way of boy bands. So last-century. In an era of low interest rates, home equity lines of credit and cash-out refinances have been the equity-tapping products of choice. Home equity lines of credit, or HELOCs, have been popular because they usually are built with low introductory rates,...
from NerdWallet
https://www.nerdwallet.com/blog/mortgages/home-equity-loans-smarter-choice-mortgage-rates-rise/
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