Understanding a Home Equity Line of Credit: How it Differs From Other Conventional Loans
August 7, 2010 by
Filed under home equity line of credit rates
A home equity line of credit or HELOC is a form of revolving credit. Your lender agrees to lend you a certain amount using your home equity as collateral. In simple terms, your home equity is the market value of your home minus the total debts registered to or associated with it. Because the home [...]