💡 HELOCs Explained in 60 Seconds (or Less!)
1:04
YouTubeThe Clear Close Mortgage Broker
💡 HELOCs Explained in 60 Seconds (or Less!)
A Home Equity Line of Credit (HELOC) is a secured revolving line of credit — meaning it’s backed by your home. 🏠 Here’s how it works 👇 You’re borrowing against your home’s equity — using your property as collateral. It functions similarly to a credit card, but with much lower rates since it’s secured by a hard asset. Your ...
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