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Home Equity Loan Or Refinance Existing Home Loan?

My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property.
Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?

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This entry was posted on Friday, May 1st, 2009 at 3:13 pm and is filed under Home Equity Loan Q&A. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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One Response to “Home Equity Loan Or Refinance Existing Home Loan?”

  1. Funny Paintball Videos says:
    May 1, 2009 at 11:13 am

    If you have a great rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to compare the two and see what’s in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should expect a no closing cost loan at about 5%
    You can email with any other questions
    brandonbroker@yahoo.com

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