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A home equity loan is a lump sum of cash that’s essentially borrowed against the equity of a home. Compare rates for home equity loans from multiple lenders to get the best offer. A home equity loan is a lump sum of cash that’s essentially borrowed against the equity of a home.. Manufactured.
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Home equity loans are different from a home equity line of credit, or HELOC, which act more like a line of credit, according to Bank of America. Both types of loans use your home’s equity to.
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