As a homeowner, figuring out the best way to access your home equity can be a complicated process, full of complicated jargon, long processes, scary waits for appraisals, and potentially expensive hidden costs. 
Here’s a look at the tradeoff between HELOCs and cash-out refinances—the two most common and popular ways to tap into your home equity while maintaining and keeping the ownership of your home. 
Learn more about your ad choices. Visit megaphone.fm/adchoices