What would be better, a home equity loan or refinance at lower rate to add on to my home?

March 30, 2009 by Debt Equity Financing  
Filed under Home Equity

Can you answer BamaboynTN’s question about Equity?:

I’m wanting to add on to my home but I’ve never used a home equity loan. I have used the refinance method where you borrow a little extra to add on. What would be the best now, with the way the economy is and the interest rates unstable?

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