What is a Home Equity Line of Credit?
- TOCR Real Estate School
- Mar 13, 2023
- 1 min read
Home equity line of credit (also referred to as a HELOC) is a second mortgage that allows a homeowner to borrow money against their home's value.
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A home equity line of credit, or HELOC, is secured by your home and provides a revolving credit line that can be used for significant expenses.
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A home equity line of credit, often known as a HELOC, is a type of second mortgage that enables homeowners to borrow funds against the value of their property.
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