By Marcie Geffner - Bankrate.com
Homeowners who want to cash out their equity might be puzzled by the advantages and disadvantages of their three choices: a home equity line of credit, home equity loan or cash-out refinance.
Which makes the most sense?
The answer depends on:
How much equity you have.
How much you want to borrow.
When you plan to repay the money.
Whether you want a fixed or flexible term.
The interest rate on your current mortgage.
Read on:
http://www.bankrate.com/finance/home-equity/home-equity-loan-heloc-or-cash-out-refi.aspx