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Pros and Cons of Home Equity Loans
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Been thinking about finally remodeling our kitchen (it's stuck in the 90s, you know, avocado green counters and all that jazz...) and I'm trying to decide if we should tap into our home's equity or just go for a regular personal loan. I get that home equity loans usually have lower interest rates, but the idea of using our house as collateral makes me a little uneasy. Personal loans seem simpler but pricier. Anyone have experience with either one? Curious what made you pick one over the other.
