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 …
Current HELOC Rates In January 2026 | Bankrate
4 days 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.
What Is A Home Equity Line Of Credit (HELOC)? - Forbes
Oct 23, 2025 · A home equity line of credit (HELOC) is a variable-rate second mortgage that utilizes a portion of your home’s value through a revolving line of credit. You can use, pay …
Home equity line of credit (HELOC): What it is and how it works
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.
What is a home equity line of credit (HELOC)? | Consumer ...
A HELOC lets you borrow money using the available equity in your home, which is the value of your home minus the amount you owe on your mortgage. Only consider a HELOC if you’re …
A Complete Guide to A Home Equity Line of Credit (HELOC)
Jun 23, 2022 · Curious about a home equity line of credit? Read for heloc qualifications, how much cash you can get, closing costs, and when to pay it back.
What Is a HELOC? Home Equity Lines of Credit Explained
Oct 13, 2025 · A home equity line of credit (HELOC) is a secured loan tied to your home that allows you to access funds as needed. You can make as many purchases as you’d like, as …
What is a Home Equity Line of Credit (HELOC)? | Chase
May 8, 2025 · A HELOC functions like a credit card but is secured by the equity in your home. When you open a HELOC, you’re given a credit limit based on the value of your home minus …
Understanding HELOC - Fannie Mae
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 …
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.