How Does an Equity Line of Credit Work? An equity line of credit is a type of revolving credit that allows homeowners to borrow against the equity in their home. Homeowners can use this credit to ...

A home equity loan is usually a fixed-rate lump sum based on the value available in your home. Home equity lines of credit (Helocs) are revolving lines of credit based on your available equity and ...

The holiday season usually means Americans are running up their credit card debt. Come January, lenders are typically fielding a plethora of inquiries for home equity lines of credit for people ...