
Weighing the Benefits and Drawbacks of HELOC vs. Home Equity Loan: An In-Depth Comparison
A Home Equity Line of Credit (HELOC) lets homeowners use their home equity as collateral for a line of credit, much like a second mortgage. This is separate from your main mortgage. Have you ever wondered whether to choose a HELOC or a home equity loan? A Home Equity Loan, on the other hand, allows…