Best HELOC Lenders | May 2022
A HELOC allows you to tap your home's equity without having to sell it. Here is SuperMoney's list of the best HELOC lenders currently available.
Home equity lines of credit, also known as HELOCs, are a special type of home equity loan that gives you the option to draw money as and when you need it. In that sense they work much like a credit card because you only have to pay interest on the amount you withdraw, not the entire line of credit. However, the interest rates of HELOCs are much lower because they are secured by your home equity.
This makes HELOCs a great option for financing large projects without a fixed cost, such as home improvements, investing in real estate, or education expenses.
Here is SuperMoney's list of the best HELOC lenders currently available.