I Chose a Cash-Out Refinance Over a Home Equity Loan. Here's Why

·4-min read
I Chose a Cash-Out Refinance Over a Home Equity Loan. Here's Why

For example, I could have taken out a home equity loan or line of credit. First things first, it's important to understand the difference between a cash-out refinance loan and a home equity loan. A cash-out refinance loan involves taking out an entirely new mortgage with different terms.

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