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You save money at the outset, and even if your variable-rate rises during your term, you can still end up better off – If you choose a variable rate today you are instantly saving money over its fixed-rate equivalent and that will be true for as long as today’s rates hold steady.
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Responsible Ways To Finance Home Improvements. You can use that equity to secure a line of credit or a loan, using your home as the collateral, to pay for your home improvements.
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