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\{!User.MtgPlanner_CRM__Logo__c\} \
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Cash-Out vs. HELOC Refinancing \\
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Dear \{!Contact.FirstName\}, \\ If you\'92re interested in borrowing against your home\'92s available equity, you have choices. Some options are to refinance and get cash out, or to take out a home equity line of credit (HELOC). Here are some of the key differences between a cash-out refinance and a home equity line of credit: \\
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A cash-out refinance \uc0\u8239 replaces your existing mortgage with a new home loan for more than you owe on your house. You must have sufficient equity built up in your house to use a cash-out refinance. The difference goes to you in cash, which can be spent on home improvements, debt consolidation, or other financial needs. \\ With a \uc0\u8239 Home Equity Line of Credit (HELOC ), you are borrowing against the \u8239 money already invested in your home. Much like a credit card, you have a \u8239 certain amount of money available to borrow and then pay back. You will only pay interest on the amount you borrow. \\ \
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HELOCs often begin with a lower interest rate than cash-out refinancing loans, but the rate is adjustable. \\ If you need help determining the best financing choice for you, I am here to assist you. \\
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\ Best regards, \\{!User.FirstName\} \\
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\{!User.MtgPlanner_CRM__User_Signature_HTML__c\} \ | \