Pros And Cons Of A Home Equity Line Of Credit (HELOC)
Savings Corner
APRIL 4, 2024
However, HELOCs have variable interest rates, which means you might pay more in interest as rates fluctuate, and your home is the collateral, so if you don’t repay what you borrow, you could lose your home. If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation.
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