What Can I Do with My Home Equity Line of Credit?

Some of the more common reasons Canadians love their HELOC is their ability to complete home renovations, pay off high interest debt with low interest debt, and most importantly, have the ability to invest in assets that help create long term generational wealth Many borrowers also prioritize having the means of an emergency fund if ever needed. With a HELOC’s exceptionally low interest rate, you can borrow against your home without going further into debt on your credit cards or lines of credit each month.