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.

2 days ago · A 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.

Dec 3, 2024 · A home equity line of credit, or HELOC, is a second mortgage that gives you access to cash based on the value of your home. (It can also be a primary mortgage if you own...

3 days ago · A 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 to a...

Dec 19, 2024 · A home equity line of credit, or HELOC, is a revolving credit line that’s secured by the equity you’ve built in your home. The HELOC can be used as needed during your draw period, which is the timeframe between opening it, up until your repayment begins.

May 3, 2024 · A home equity line of credit (HELOC) is a variable-rate second mortgage that utilizes a portion of your home’s value through a revolving line of credit. You can use, pay down and reuse the credit...

A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage).

Jun 23, 2022 · A HELOC lets you establish a revolving line of credit based on the value of your home, less the amount you owe — this is known as your home equity. Assuming you qualify, …

Jan 18, 2025 · What Is a Home Equity Line of Credit (HELOC)? A home equity line of credit (HELOC) is a line of credit that uses the equity you have in your home as collateral. The amount...

Jan 3, 2025 · A home equity line of credit (HELOC) is a secured loan tied to your home that allows you to access cash as you need it. You’ll be able to make as many purchases as you’d …