Home Equity Line Of Credit (HELOC)

Take the market value of your home and subtract the amount left on your mortgage, the difference is your home’s equity. When that number becomes large enough, it can be used as collateral for a home equity loan or line of credit (HELOC).

With a Home Equity Line Of Credit (HELOC), you can hold onto your low mortgage rate and still access funds to pay for tuition, home renovations, high-interest credit cards, or personal loans.