Definition
A revolving line of credit secured by the borrower's home equity. HELOCs allow borrowers to draw funds as needed during a draw period, with interest charged only on the amount used.
Mortgage
Thursday, November 5, 2026
A revolving line of credit secured by the borrower's home equity. HELOCs allow borrowers to draw funds as needed during a draw period, with interest charged only on the amount used.