Home Equity Line of Credit

Piggy bank with small house on bundles of cashHELOC, which stands for home equity line of credit, is a type of loan that lets you use the equity in your home as revolving credit rather than an installment loan. Taking out one is typically easier than many people think, and can be a great way to get some needed cash or save money each month by paying off higher interest debt. Whether you’re looking to buy some toys, pay off debt or remodel, a HELOC is one of the better lending options available to homeowners looking to borrow. Many people love their home and don’t need a new one, so taking advantage of a home equity line on their current property to pay off bills or make a major purchase makes economic sense. We enjoy researching properties of all types and finding the best HELOC deals to share with you. Below you’ll find top lender promotions to help you take out an equity line of credit on your home and numerous financial articles with helpful information about mortgages, houses, condos, and other types of real estate.

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Recent Articles & Promotions:

California Bank & Trust offering HELOC with 2.49% Introductory Interest Rate for 9 Months

A home equity line of credit (HELOC) can be a homeowner’s best friend, as it works as a direct line to affordable funds when the need arises. Because there are no restrictions on how funds from a home equity line of credit can be used, homeowners have full control over how they spend. Planning for […]

Posted on May 24, 2017 by Melissa

Velocity Community Credit Union (FL) offering $295 off Mortgage Closing Costs

Buying a home is still very much a part of the American dream. Real estate is viewed as a strong asset in most markets, and affordable financing through low-interest rate mortgages makes the prospect of home-ownership a reality for some individuals and families. There are, however, costs included in buying a home that can add […]

Posted on May 18, 2017 by Melissa

Bank of Oklahoma offering HELOC with 2.75% Introductory APR for 12 Months

Being a homeowner comes with a number of perks, not the least of which is access to the equity accumulated in the home. Through a home equity line of credit, homeowners have the unique ability to borrow at attractive interest rates, making the process of funding life’s big expenses easier. Whether home equity is used […]

Posted on May 16, 2017 by Melissa

Comerica Bank offering Home Equity Line of Credit with 2.74% Intro Interest Rate for 6 Months

A home equity line of credit can be a helpful financial tool for homeowners. Most banks and credit unions offer a home equity line of credit at a far more affordable rate than a personal loan or credit card, and flexibility is built into the revolving credit line so homeowners can use funds when and […]

Posted on April 10, 2017 by Melissa

Zions Bank offering Home Equity Line of Credit with 2.24% Introductory APR for 6 Months

Homeowners who have equity in their primary residence have a valuable asset which can be used as a borrowing tool. Through a home equity line of credit (HELOC), homeowners can borrow against equity to pay for any of life’s major expenses, like consolidation of high-interest credit card debt, funding a child’s education, or taking a […]

Posted on March 29, 2017 by Melissa

Logix FCU offering Home Equity Line of Credit with 2.99% Introductory APR for 12 Months

Using a home equity line of credit (HELOC) to pay for major life expenses is a sound alternative to conventional bank loans. A home equity line of credit offers flexibility in how much you can borrow, when the outstanding balance is repaid, and for what purpose the funds are used. Additionally, home equity lines of […]

Posted on March 16, 2017 by Melissa

US Bank offering Home Equity Line of Credit with 1.99% introductory APR for 6 months

As a homeowner, one of your most valuable assets is the equity built up in your home. Banks and credit unions make it relatively simple to access that home equity through a home equity line of credit (HELOC), which offers flexibility in how much your borrow and when you pay the balance back. A home […]

Posted on March 14, 2017 by Melissa

EECU (CA) Waiving $125 Application Fee on Home Equity Line of Credit

Securing a line of credit has financial benefits hard to come by with most other personal finance vehicles. Using the available equity in your home provides an affordable way to pay for some of life’s biggest expenses, like consolidating high-interest credit card debt, funding a child’s college education, or paying for major repairs or upgrades […]

Posted on March 8, 2017 by Melissa

Fremont Bank (CA) offering Home Equity Line of Credit with No Closing Costs and Waived Fees

Securing a home equity line of credit can be a valuable tool in covering some of life’s big purchases, like consolidating debt, paying for home renovations over time, or taking that long-dreamed-of family vacation. However, a home equity line of credit, similar to a new mortgage loan, often comes with closing costs that make the […]

Posted on March 2, 2017 by Melissa

BBVA Compass offering HELOC with Promotional Interest Rate as Low as 3.50% APR

Homeowners who have accumulated equity in their primary residence have access to that equity through a home equity line of credit. A HELOC offers a simple way to tap into the value of the home without refinancing or taking out a fixed loan. Through a home equity line of credit, homeowners have the opportunity to […]

Posted on February 27, 2017 by Melissa