28 September 2022

Home Equity Line of Credit (HELOC)

A home equity line of credit, or HELOC, is a line of credit secured by a home. Many use it as a revolving credit line for large expenses or debt consolidation.

home equity line of credit (HELOC) provides a revolving credit line that can be helpful in paying for large expenses or consolidating higher-interest rate debt on loans — like credit cards.