Home Equity Line of Credit vs. Mortgage Refinancing



The 2018 tax reform bill changed the rules when it comes to deducting the interest on a home equity line of credit (HELOC) loan. So, is now the time to dump your HELOC and, instead, refinance your mortgage? Ric Edelman explains the differences and benefits of each to a caller who’s questioning his own equity line and what his next steps should be.

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