What is a HELOC, and how does it work?
A HELOC is a revolving line of credit secured against your home equity. It allows you to borrow funds up to a specified credit limit and repay them over time with interest.
Author: Boychuk Mortgage Group |
A HELOC is a revolving line of credit secured against your home equity. It allows you to borrow funds up to a specified credit limit and repay them over time with interest.