article thumbnail

Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

Possible tax-deductible interest Even after the Tax Cuts and Jobs Act of 2017, you can still deduct interest paid on a HELOC if you use the money for home renovations. Frequently asked questions on HELOCs What is a home equity line of credit (HELOC)? Like credit cards, HELOCs come with variable interest rates.

Credit 40