Home equity line of credit (HELOC)

A mortgage loan, usually a second mortgage, that allows a borrower to obtain cash against the equity of a home, up to a predetermined amount.

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Are Home Equity Loans a Cheap Way to Borrow Money?

Home equity lines of credit can be a cheap way to borrow money for home renovations, college bills or credit card debt. But is your home worth enough to support a second mortgage?

How to Use a Home Equity Loan or HELOC

As home prices continue to climb, home equity loans and lines of credit are becoming potential sources of extra cash for a growing number of homeowners. But you still need to be very careful when tapping the value of your home.

8 Home Renovation Mistakes to Avoid

These are the predictable pitfalls that can turn the renovations of your dreams into a nightmare you'll be reliving, and possibly regretting, for years to come. Avoid them, and you'll dramatically increase the odds of bringing your project in on budget, on time and with absolutely delightful results.

Coping With Increased HELOC Payments

If you're bracing for the minimum payment on your home equity line of credit to go up — way up — there's no need to panic. There are lots of ways to deal with repaying this debt.

10 Most Valuable Home Improvements

Making your home bigger, or nicer, always makes it worth more. But some projects offer a better return than others.