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If you’re considering making some home improvements or taking a look at methods to pay money for your child’s university education, you may well be thinking about experiencing your property’s equity — the essential difference between exacltly what the house could offer for and your balance from the mortgage — in order to protect the expenses.

The lender advances you the total loan amount upfront, while a home equity credit line provides a source of funds that you can draw on as needed with a home equity loan. Continue reading →