What Is A Home Equity Line Of Credit?
What is a home equity line of credit? If you’ve been looking for a way to get a little money out of your home without selling it, you’ve probably come across this option, known as a HELOC for short. Now that you're no doubt wondering what a home equity line of credit is going to do for me, let me clarify. What is a home equity line of credit? Like a "second mortgage", a HELOC allows you to borrow money using the equity in your home as collateral. What differentiates a HELOC i