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Americans have more home equity than ever. Here’s how to use it with a HELOC – “Instead of letting you borrow one lump sum, like a mortgage, HELOCs only require you to pay for the money you need, providing you with a flexible safety net for unexpected costs,” says Jon Giles, TD.
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New Home Equity Tapping Tools Not Seen as Threat to Reverse Mortgages – since many of them have a due date whether they involve loans or not. “The Home Equity Line of Credit (HELOC), which has little to no closing costs and requires interest-only payments during the draw.
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