Homeowners want to access their home equity. So, is it always better to HELOC or refinance to save money? Think of a HELOC like a credit card that taps your home equity.
Typically the rates are lower, because it’s linked to your home. Think of a refinance if you want to lower all your monthly bills. It’s a strong option to consider if you want to remodel, consolidate, and increase your tax-refund as a homeowner.
At the end of the day, see which option could lower your monthly payments from a lender.
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