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If you have fairness in your house, explore a house fairness line of credit (HELOC) or property equity mortgage. These alternatives use your house as collateral, so it’s essential that you can regulate the payments. Too many skipped payments could end in the bank seizing your home.
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Your personal debt-to-revenue ratio allows establish if you would qualify for a house loan. Use our DTI calculator to see should you be in the proper array.