How does a HELOC differ from a home equity loan?
Unlike a lump-sum home equity loan, a HELOC offers a revolving credit line with no fixed borrowing amount, giving you the flexibility to withdraw funds as needed.
Author: Leanne Gould Mortgage Broker |
Unlike a lump-sum home equity loan, a HELOC offers a revolving credit line with no fixed borrowing amount, giving you the flexibility to withdraw funds as needed.