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Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » what’s the difference between mortgage refinancing & a home equity loan?

what’s the difference between mortgage refinancing & a home equity loan?

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One Response to "what’s the difference between mortgage refinancing & a home equity loan?"

  1. linkus86 says:
    Mortgage refinancing is paying off your original loan and borrowing on a new (often larger) amount based upon the increased value of your home. A home equity loan is simply a second mortgage.

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