Your Neighbor Got A HELOC, Should You?
Jamie Patrick Hopkins
One neighbor is putting in a pool. Another is redoing their kitchen and adding a deck. Their secret weapon: a home equity line of credit or HELOC. A HELOC is different than a home equity loan that allows you to borrow a lump sum at one time with set payments at a fixed interest rate.
Ebeling, Ashlea, "Your Neighbor Got A HELOC, Should You?" (2016). In the News. 1196.