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Home Equity Loan Closing Costs

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Old 06-08-2007, 07:29 AM   #1
Beemnseven
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Re: Home Equity Loan Closing Costs

Is there any reason why you favor a Home Equity Loan over a Home Equity Line of Credit?

I recently got a HELOC and paid only $150 in closing costs. Plus, I don't start paying on it until I use it -- it's basically like a credit card. And the interest is tax deductable.
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