Understand the differences when considering house equity loan and a house equity credit line

Understand the differences when considering house equity loan and a house equity credit line

For property owners, making use of your home’s equity to secure that loan or a credit line is a stylish, low-interest solution to raise cash. While you can find slight differences when considering a property equity loan and a property equity credit line (also called a HELOC), they both offer greater borrowing restrictions than unsecured loans that are personal.