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HELOC vs. Home Equity Loan: What's the Difference. – Home Equity Loan vs. Conventional Mortgage. Both home equity loans and traditional mortgages similarly provide homeowners funding by using their homes as collateral. Both loans also mandate that you repay installments over a fixed period of time. However, home equity loans are a bit different from your traditional mortgage.

Mortgages vs. Home Equity Loans: What's the Difference? – Mortgages and home equity loans are both loans in which you pledge your home as collateral. The bank lends up to 80% of the home’s appraised value or the purchase price, whichever is less.

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Home Equity Loan vs. Home Equity Line of Credit – fool.com – Home equity loans and home equity lines of credit let you borrow against the value of your home — but they work differently. Find out about both options here. Image source: Getty Images When your.

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