Do Not Ignore Your Old Residence, Spruce It Up

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House equity loans and HELOCs make funds accessible to owners using their dwelling as collateral. And you will pay tax twice on what’s borrowed — once if you use your after-tax wages to repay the mortgage, and once more after you retire and draw money from the 401(okay). Also, these loans are for rehabilitating structures, not buying new property or financing development.

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