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A home equity line of credit (HELOC) is a safe loan tied to your home that permits you to access cash as you need it. You'll be able to make as many purchases as you 'd like, as long as they do not surpass your credit line. But unlike a charge card, you run the risk of foreclosure if you can't make your payments since HELOCs use your house as security.
Key takeaways about HELOCs
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- You can utilize a HELOC to gain access to money that can be used for any purpose.
This will delete the page "What is a HELOC?"
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