Which factors determine whether raising cash is cheaper using a cash-out refinance or a home equity loan ?

Asked by New Casa!, Las Vegas, NV Mon Apr 29, 2013

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Robert Adams’ answer
Robert Adams, Agent, Henderson, NV
Tue Apr 30, 2013
Make sure you calculate:

-closing costs to refi
-interest rates
-prepayment penalties


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0 votes
Rey Gallegos, Mortgage Broker Or Lender, Las Vegas, NV
Mon Apr 29, 2013
BEST ANSWER
I would say the interest rate and terms of the loan are the most important to figure out which is better.
1 vote
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