HELOCs vs. cash-out refinancing: Which is safer now?

By CBS News   |   3 months ago
HELOCs vs. cash-out refinancing: Which is safer now?

Many Americans view their homes as a valuable financial asset. Home equity borrowing should be approached carefully, especially with rising interest rates. Home equity lines of credit (HELOCs) and cash-out refinancing are popular options, with HELOCs considered safer due to lower rates and flexible payment terms.

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