HELOC
HELOC or HELOAN: Home Equity Options for Financing Needs
Homeowners often consider tapping into their home equity for various financial needs. Two common options for leveraging home equity are Home Equity Loans (HELOANs) and Home Equity Lines of Credit (HELOCs). While both allow you to borrow against your home's value, they have distinct features that cater to different financial situations.