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home equity line of credit
#1
what is a different between home equity loan and home equity line of credit?



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#2
Home equity loan is a lump sum loan and a home equity line of credit is a line of credit where you can use it anytime and pay it down at anytime and reuse it like a credit card. With a home equity loan, if you pay down a large sum, you cannot reuse the amount you paid down.

 
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