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Moneyline Blog

  • Using Home Equity

    Using the equity in your home to pay off unsecured debt can be a financially pragmatic decision. Low annual percentage rates, tax-deductible interest (check with your tax preparer), and a single monthly payment can make second mortgages extremely attractive. The money you extract from your home can be used for home improvements, investments, and paying off high interest consumer debt.

    Second mortgages come in two basic forms: home equity loans and home equity lines of ...

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