Welcome to the “2-Minute Money Manager,” a short video feature answering money questions submitted by readers and viewers. Today’s question is about borrowing by using your house as collateral; specifically, the difference between home equity loans and home equity lines of credit. Watch the following video, and you’ll pick up some valuable info. Or, if you prefer, scroll down to read the full…

Original Article Posted at : https://www.moneytalksnews.com/which-is-better-a-home-equity-loan-or-line-of-credit/