A home equity line of credit, or HELOC, is a type of loan that allows you to borrow money using the equity in your home as collateral. With a HELOC, you can borrow money as you need it, up to a certain credit limit, and repay it over time with regular payments. Continue Reading Below
A home equity line of credit, or HELOC, is a type of loan that allows you to borrow money using the equity in your home as collateral. With a HELOC, you can borrow money as you need it, up to a certain credit limit, and repay it over time with regular payments. This can be a flexible and convenient way to access funds for major expenses, such as home renovations or tuition payments.
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