Is it better to refi or home equity loan?

Updated date: Tuesday, July 8, 2025 - 19:43
Is it better to refi or home equity loan?

Mortgage Guide

Typically, home equity loans and lines come with higher interest rates than cash-out refinances. They also tend to have much lower closing costs. So if a new mortgage rate is similar to your current rate, and you don't want to borrow a lot of extra cash, a home equity loan is probably your best bet.

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