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 …

1 day 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.

A home equity line of credit is a type of second mortgage that lets you borrow against the equity you’ve built in your home. They work much like credit cards.

Dec 11, 2025 · A home equity loan is a type of consumer loan, while a HELOC is a revolving line of credit. Learn how both can allow you to borrow money against your home equity.

1 day ago · Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners …

Sep 3, 2025 · What is a HELOC? 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.

Home equity line of credit A home equity line of credit, or HELOC (/ˈhe̞ːˌlɒk/ HEH-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period …

Dec 15, 2025 · A HELOC can be a flexible, low-cost borrowing option for homeowners, but is it the best way to borrow money now?

Jul 22, 2024 · A home equity line of credit, or HELOC, is one way you can turn your home equity into cash. HELOCs let you withdraw funds as you need them and make interest-only payments on what …

Jun 23, 2022 · What is a home equity line of credit? A HELOC is not a traditional mortgage because you do not receive a lump sum payment, but rather a revolving line of credit. However, because a …