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  2. 4 ways to get equity out of your home while rates are high - AOL

    www.aol.com/finance/how-to-get-equity-out-of...

    Say your gross monthly income is $5,000 a month, and you typically pay $700 a month to your mortgage, $500 a month to credit cards and $250 a month to a personal loan — a total of $1,450 in ...

  3. Should you use a HELOC to pay off your mortgage? - AOL

    www.aol.com/finance/heloc-pay-off-mortgage...

    Using a HELOC to pay off your mortgage can be a strategic move, especially if you have a lot of equity in your home and a small outstanding balance. Opening a HELOC to pay off your home loan will ...

  4. How to get equity out of the house you’ve paid off - AOL

    www.aol.com/finance/equity-house-ve-paid-off...

    Fortunately, the answer is yes. You can take equity out of your home even after your mortgage is paid off. One of the easier ways to do so is to sell your home, but there are also financial ...

  5. Home equity line of credit - Wikipedia

    en.wikipedia.org/wiki/Home_equity_line_of_credit

    A home equity line of credit, or HELOC ( /ˈhiːˌlɒk/ HEE-lok ), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term ), where the collateral is the borrower's property (akin to a second mortgage ). Because a home often is a consumer's most valuable asset, many ...

  6. What happens to a HELOC when you sell your home? - AOL

    www.aol.com/finance/happens-heloc-sell-home...

    When you decide to sell your home, your HELOC’s life ends — but it doesn’t just disappear. You must repay the funds you withdrew from it, along with any accrued interest. The payoff occurs ...

  7. What to know about HELOC prepayment penalties - AOL

    www.aol.com/finance/know-heloc-prepayment...

    A HELOC early payoff penalty is a fee the HELOC lender charges if you make more than the minimum payment and settle the debt ahead of schedule. This surcharge can also be referred to as an ...

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    You can find instant answers on our AOL Mail help page. Should you need additional assistance we have experts available around the clock at 800-730-2563.

  9. What is a HELOC? - AOL

    www.aol.com/finance/heloc-home-equity-line...

    A home equity line of credit (HELOC) is a variable-rate form of financing that allows you to cash in on the equity you have in your home. HELOCs are a revolving line of credit, similar to a credit ...

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