Blog > What Are Home Equity Loans and HELOCs?
Both let homeowners borrow against their equity. A home equity loan provides a lump sum with fixed payments, while a HELOC (Home Equity Line of Credit) acts like a revolving credit line. They’re often used for renovations, debt consolidation, or investments. Borrowers should compare interest rates and repayment terms carefully, ensuring funds are used for value-building purposes.
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