What is a Home Equity Line of Credit and How Does it Work?
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 …
Home equity line of credit (HELOC): What it is and how it works
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.
Current HELOC Rates In December 2025 | Bankrate
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.
HELOC (Home Equity Line of Credit) and Home Equity Loan: …
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.
Current HELOC & Home Equity Loan Rates: December 30, 2025
2 days 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 …
What Is a HELOC, or Home Equity Line of Credit? - NerdWallet
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 - Wikipedia
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 (called a term), …
HELOC Pros and Cons: Should You Get a Home Equity Line of Credit?
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 …
A Complete Guide to A Home Equity Line of Credit (HELOC)
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. …
What’s a HELOC? Leveraging Your Home’s Equity - BMO
Apr 30, 2025 · A home equity line of credit, commonly known as a HELOC, is a revolving credit line that allows you, as a homeowner, to borrow up to a set amount of money based on the …