Are you looking to borrow against the equity in your home?

 

A HELOC or home euqity line of credit is a form of revolving credit in which your home serves as collateral.

 

If you are considering a HELOC be sure to understand the tradeoffs.

 

Click on the link below to see the HELOC Handbook on Home Equity Lines of Credit put out by the CFPB

(Consumer Financial Protection Bureau).

What you should know about home equity lines of credit

Find out how your payment can change over time.