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The Best Way to Use a Home Equity Loan

The Best Way to Use a Home Equity Loan

With interest rates falling and home prices rising, it seems like a great time to tap into your home’s equity using a home equity loan. Many people would like to know what’s the best way to use these funds. A home equity loan, or a HEL, can be a fantastic way to source extra funds during a falling-rates environment. Tapping into your home’s equity, or the positive difference between what is owed on a home and its current value, will give you the funds you need for a large expense with no additional strings attached. With interest rates on a McCoy FCU Home Equity Loan at low APRs *, the repayment plan can be very affordable. If approved, you’ll receive the funds in one lump sum within a few days. There are no restrictions on how to use these funds, but since you&rsqu...

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