Breanne asked:


we have lived in our house for 5 years and have been fixing it up the whole time were looking at putting an addition on but need about 15,000 to do that what would be best a home equity loan, refinance our morgage (currently at 5.25 interest rate) and if we do go with the home equity loan how do we pay that off? does it go through our morgage or a seperate bill is it wise to use the money to also pay off our 2 cars plus the addition? ive also been hearing of an equity line i know nothing about this sort of stuff and dont want to make a decision that we will regret all help is appreciated

Mortgage Finder

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