In the Lone Star State, you have two primary options for tapping into your home equity: a home equity loan and a home equity line of credit (HELOC). Home Equity Loan: This is a lump-sum loan that you repay over time. It's ideal for one-time expenses like home improvements or debt consolidation.
Home Equity Line of Credit (HELOC): This is more like a credit card, where you can borrow money up to a certain limit and only pay interest on the amount borrowed.
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