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What is a Home Equity Line of Credit (HELOC)?
HELOC is an acronym and stands for Home Equity Line of Credit. A line of credit means you have access to a pool of money and can borrow what you need when you need it! A home equity line of credit gives you a way to tap into the equity you already have in your home. Equity is the value of your home minus any debts like the mortgage. You can use ...
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