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The pros and cons of paying off your mortgage early – Most homeowners want to own their homes free and clear. Homeowners can also borrow against the equity in their home through home equity line of credit, or HELOC, in case of emergencies or to make.

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How to Buy a Home While Selling One – . is to tap into a home equity line of credit that you’ve opened previously. Either way, you’ll need pristine credit and plenty of equity in your current home. Glenn S. Phillips, CEO of Lake Homes.

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