HELOC vs. Refinance: What’s the Difference?
While a refinance is an alternative way to access home equity, you receive a portion of your new mortgage as upfront cash.
HELOC, on the other hand, allows you to access funds as needed, with repayment flexibility.
Refinance offers immediate cash but incurs interest from the start as part of your new monthly mortgage payment.
Mortgage rates for a refinance may be lower than those for a HELOC.
Get Your Best HELOC Rate
By securing a lower rate for your HELOC, you can save thousands while making improvements. Get in touch with Huber Mortgage and we’ll help you strategize your best decision!