As a teenager in the ’80’s, our dilemmas were a little simpler — should I stay or should I go? — for instance. But today’s homeowner faces some additional complexities, especially when it comes to deciding the best way to finance a home renovation or other large purchase.
Using the equity in one’s home has always been an enticing way to cost-effectively confront large-ticket expenses, but what’s the best way to convert that equity into cash? Should you get a home equity line of credit (a “HELOC”) or should you do a cash-out refinance? We get this question so frequently that I created a short video to cover the basics and have a little fun with one of the most iconic punk tunes of the era:
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Rock the Casbah!
SVP of Mortgage Lending
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