Credit Union of America - News | Credit Union of America

A couple comparing a HELOC and a cash out refinance to determine what’s best for their goals.

HELOC vs. Cash-Out Refinance: Which Option Is Right for You?

If you've built equity in your home, you may be able to turn it into a powerful financial tool. Two of the most common ways homeowners access equity are a cash-out refinance and a Home Equity Line of Credit (HELOC).

Using Your Home for Cash Flow

Sometimes the tuition bill, the unexpected family trip, or the great deal on a coveted family purchase don't come when we planned if we even prepared for them. A home equity line of credit (HELOC) can come in handy in these circumstances.