Tag: <span>HELOC</span>

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COMPARING PRODUCTS

What is the difference between a home equity line of credit and a home equity loan? Usually, both of these are second mortgages, but which is better for you? A home equity line of credit (known as a HELOC) is like a credit card secured by your home. It is typically a variable rate rate...

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HOME EQUITY LINE OF CREDIT

HELOC the acronym for a home equity line of credit. A HELOC works like a credit card, but it is secured by your home. You can borrow against it, and then pay it down, just like a credit card. If you have equity in your home, but you need some cash to consolidate debt or...