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Home Equity Is Up Across the Board. Here's What That Means for You

Home Equity Is Up Across the Board. Here's What That Means for You

During 2021's third quarter, collective home equity rose to $9.4 trillion. Equity is something you have the option to borrow against, whether in the form of a home equity loan or a home equity line of credit, or HELOC. You'll often pay less interest on a home equity loan or HELOC compared to other borrowing choices.