
Home Equity Loans and HELOCs explained
Both a home equity loan and a home equity line of credit (HELOC, pronounced HEE – lok) allow you to take a certain amount of equity out of your home. Learn the differences!
Both a home equity loan and a home equity line of credit (HELOC, pronounced HEE – lok) allow you to take a certain amount of equity out of your home. Learn the differences!
Talk to a financially savvy friend and they’ll tell you to make your assets work for you. If you own a home, you may have heard that savvy friend mention things like HELOCs and cash-out refinancing, but how much sense did those terms make?