VA Loan MYTH: Cash-out refis & HELOCs are the same thing
The VA loan program has a refinance option where you can use your home’s equity to get cash out. This cash-out refinance is different from a HELOC, despite what many may believe.
Even though both options let you take cash out using your home’s equity, the VA cash-out refinance loan has different terms and benefits than what a HELOC offers. It’s understandable that people confuse them, since the end result is similar. However, we wanted to make sure you know what the differences are so you can make an informed decision about which one is best for you.
In this video, our CEO, Eric Kandell, debunks the myth that they’re the same by providing specific examples of the different benefits they offer.
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This video is not intended for residents or homeowners in the states of WA, NY or MA.
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