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Home Equity Loan or Line of Credit?

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Home Equity Loan or Line of Credit?

Use the MidFirst Bank Home Equity Loan or Line of Credit Calculator to compare a home equity loan versus a line of credit to determine which option is best for you. Home equity lines of credit often have more flexible repayment terms than a standard home equity loan. Home equity loan payments are typically fixed over the repayment period, while home equity lines of credit can offer interest-only payment terms or outstanding balances can be repaid using a variety of repayment strategies.

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