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5 Ways to Use a HELOC to Pay Off Debt

Line of Credit

5 Ways to Use a HELOC to Pay Off Debt

As a homeowner, you are likely to build up equity in your home over time as you pay down your mortgage loan and if market home values increase. This equity — calculated as the difference between what your home is worth and how much you still owe on the property — is a valuable asset that you will enjoy when you eventually sell your property.

4 min read

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