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Tapping your home's equity to pay college expenses, consolidate credit card debt or even to buy a new car or boat is common place. Many economists attribute the additional buying power afforded consumers through home equity debt as a primary reason the nation's economy has been able to emerge from the recent recession. Yet, aside from simply allowing
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It seems as though you can't turn on the television or read the newspaper without seeing some advertisement for lenders offering home equity loans or lines of credit. Perhaps you aren't really in the market for a loan, but after seeing all of the commercials and ads have begun to wonder about getting a line of credit. Maybe
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Home equity loans are often touted as being the solution to so many things â€" giving you access to money for home repairs or improvements, a way to consolidate debt, finance a sudden family emergency, or even as a way to start an investment portfolio. There’s a lot to think about, though, before you go and sign up
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