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If you’re making minor updates to your house, such as upgrading a rest room self-importance or installing a new closet system, utilizing your credit card might be top-of-the-line home improvement financing choices. Instead of a HELOC, you could apply for a home equity loan, which is typically known as a second mortgage. Like a house improvement mortgage, this is a loan paid out in a lump sum that you can repay over a variety of years in regular fixed month-to-month payments.

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