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Bookmark or Share- What is a home equity line of credit (HELOC)? - Bank of AmericaWhat is a home equity line of credit (HELOC)? A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans [1] such as credit cards.
- Home Equity Line Of Credit (HELOC) | Rocket MortgageA home equity line of credit is a type of second mortgage that lets homeowners borrow against their home equity as a line of credit. Borrowers can use HELOC funds for a variety of purposes, including home improvement projects , education and high-interest credit card debt consolidation.
- Best HELOC Rates In December 2024 | BankrateA home equity line of credit, or HELOC, is a second mortgage that uses your home as collateral to let you borrow up to a certain amount over time, rather than an upfront lump sum.
- HELOC (Home Equity Line of Credit) and Home Equity Loan ...One of the biggest perks of homeownership is the ability to build equity over time. You can use your equity to secure low-cost funds through a second mortgage —either a one-time home equity loan or...
- What Is A HELOC (Home Equity Line Of Credit)? | BankrateA home equity line of credit (HELOC) is a variable-rate form of financing that allows you to cash in on the equity you have in your home. HELOCs are a revolving line of credit, similar...
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