What is a Home Equity Line Of Credit?
A Home Equity Line Of Credit, or HELOC, is one way for homeowners to get their hands on some extra money to help cover expenses.
HELOC loans enable you to spend up to a certain amount. Unlike a regular loan, you don’t start paying the interest until you start using your loan. You can use as much of the line of credit as you want, and pay back any amount as long as you make the minimum monthly payments set by your lender. Minimum payments may be a combination of interest and principal or interest only.
Connect with me today, to further explore how to secure HELOC funds.