Jun 23, 2022 · A HELOC lets you establish a revolving line of credit based on the value of your home, less the amount you owe — this is known as your home equity. Assuming you qualify, …

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.

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 …

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

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.

Aug 23, 2025 · This in-depth guide explains how HELOCs work, the differences between HELOCs, home equity loans, and personal loans, and what to know about draw periods, …

Apr 5, 2024 · A home equity line of credit, or HELOC, is a flexible way to borrow against the equity in your home without refinancing your primary mortgage. It works much like a credit …

Apr 11, 2025 · A HELOC is a variable-rate revolving account with a credit limit established based on the equity in your home. You can borrow money up to a certain limit, pay it back and …

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 …

Oct 13, 2025 · A home equity line of credit (HELOC) is a variable-rate form of financing that lets you cash in on the equity you have in your home. HELOCs are a revolving line of credit, …