I Want To Borrow Money Against My Home That I Own Outright. What Are My Best Options?


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If you own it outright, meaning free and clear, you should be able to get a home equity loan at a local bank for a reasonable interest rate. Check around and see who's offering what. Don't deal with small finance companies or online places or you may end up paying back more than you ever dreamed. I recently had home improvement work done and my bank gave me a very low rate (and manageable) home equity loan. Good luck!

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