What is a home equity line of credit (HELOC)? 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 …

Oct 13, 2025 · A HELOC (home equity line of credit) is a revolving form of credit with a variable interest rate, similar to a credit card. The line of credit is tied to the equity in your home.

A HELOC interest rate is likely to be lower than your revolving credit cards, saving you on interest. By consolidating your high-interest debt with a HELOC, you’ll have just one bill instead of several—one …

A home equity line of credit (HELOC) is an “open-end” line of credit that allows you to borrow repeatedly against your home equity.

What is a home equity line of credit? 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.

With a home equity loan or a home equity line of credit (HELOC), you can draw on your equity for just about anything — to fund your business, pay off high-rate debt or update your home, to name ...

Dec 11, 2025 · What is a home equity line of credit? A home equity line of credit, or HELOC, is a revolving credit line that’s secured by the equity you’ve built in your home. The HELOC can be used …

Apr 5, 2024 · Instead of getting a lump sum upfront like a traditional loan, you access a line of credit you can borrow from and repay as needed. A home equity line of credit, or HELOC, is a flexible way to …

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), where the …

A HELOC, in contrast, is a pre-approved amount of revolving credit, based on the equity in your home, that you can access during a specific “draw period.” You then pay off the balance during a …