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2. Home equity loan vs. HELOC: Which is best for borrowing ... - AOL

   www.aol.com/finance/home-equity-loan-vs-heloc...

   A home equity line of credit — more commonly called a HELOC — is a revolving line of credit that’s similar to a credit card. You can borrow on your line of credit when you need it and make ...

3. What is a HELOC? - AOL

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

   A HELOC (home equity line of credit) is a revolving form of credit with a variable interest rate, similar to a credit card. The line of credit is tied to the equity in your home.

4. Home equity loan or HELOC vs. cash-out mortgage refinance - AOL

   www.aol.com/finance/home-equity-loan-heloc-vs...

   There are three main ways to access your home equity and turn it into cash: home equity lines of credit (HELOCs), home equity loans, and cash-out refinance. All are home-secured debts — that is ...

5. Mortgages for seniors: Getting a home loan in retirement - AOL

   www.aol.com/finance/mortgages-seniors-getting...

   Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

6. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...

7. How much equity can I borrow from my home? (And why isn ... - AOL

   www.aol.com/finance/much-equity-borrow-home-why...

   Let’s say your home has appreciated to a value of $500,000 and you own it free and clear. Even with an equity stake worth $500,000, a lender might insist you keep $100,000 in the house, capping ...